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Higher interest rates make government debt unviable as an economic solution | Kenneth Rogoff

Big economies such as the US must change fiscal policy as the realities of debt and inflation bite ....

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Magic debt thinking has collided with inflation and higher rates

Since the GFC, economists have suggested that using debt to finance government spending is a free lunch. But the tide has turned in the past two years. ....

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The end of magical debt thinking

Kenneth Rogoff welcomes economists' recent reassessment of the costs and benefits of public borrowing ....

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End of US magical debt thinking amid high rates

Until recently, any suggestion of fiscal prudence was quickly dismissed as “austerity” by economists on the left. But with higher interest rates fast becoming the new normal, the idea that any economic problem can be solved with more government borrowing has become untenable ....

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The Falcon and Falconer

Latest news, analysis and opinions from the Daily FT, Sri Lanka s only national business newspaper. .. ....

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