Our readingWhat is a korrent?
A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases.
Drawn from what Olivier Blanchard said
What this subject means
government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.
Mental modelMargin of safety
On the topicWhich mental models help you think better?under our view: Leave a margin of safety, because you will be wrong sometimes