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← Assessing whether government debt is sustainable is as much an art as a science.
17 connected korrents · 12 moments from 4 Jul 1854 to 28 Sept 2026. Nearly all of them are about government .
Everything filed under public debt
public debt
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semiconductors Cannot both be true Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Assessing whether government debt is sustainable is as much an art as a science. Assessing whether government debt is sustainable is as much an art as a science. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Cannot both be true: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A competent, empowered civil service that performs crucial government functions with in-house expertise is good. — tap to centre the map on it A competent, empowered civil service that performs crucial government functions with in-house expertise is good. Last stated 4 weeks ago
18 Sept 2026
NS
Noah Smith — holds since 2026-09-18 — tap for who they are
Same subject: A conspiracy theory can be used as a pretext to dismantle government programs and target researchers and citizens. — tap to centre the map on it A conspiracy theory can be used as a pretext to dismantle government programs and target researchers and citizens. Last stated a month ago
4 Sept 2026
AA
Anne Applebaum — holds since 2026-09-04 — tap for who they are
Same subject: A free person sees government as a means, neither a giver of favors nor a master to be worshipped — tap to centre the map on it A free person sees government as a means, neither a giver of favors nor a master to be worshipped
MF
Milton Friedman — holds since c. 1962 — tap for who they are
Same subject: A government is legitimate internally if the governed have consented to it, whatever form it takes. — tap to centre the map on it A government is legitimate internally if the governed have consented to it, whatever form it takes. Last stated 3 months ago
12 Jul 2026
BS
Balaji Srinivasan — holds since 2026-07-12 — tap for who they are
Same subject: A government only has legitimacy through long continuity, and once that thread is cut one regime change reliably becomes five. — tap to centre the map on it A government only has legitimacy through long continuity, and once that thread is cut one regime change reliably becomes five. Last stated 4 months ago
16 Jun 2026
AP
Ada Palmer — holds since 2026-06-16 — tap for who they are
Same subject: A government taking a stake in its chipmaker is ordinary infrastructure policy — Taiwan, Japan and Singapore all did it. — tap to centre the map on it A government taking a stake in its chipmaker is ordinary infrastructure policy — Taiwan, Japan and Singapore all did it. Last stated 4 months ago
18 Jun 2026
LT
Lip-Bu Tan — holds since 2026-06-18 — tap for who they are
Same subject: A government that deliberately enacts and persists in injustice will eventually become the laughing-stock of the world — tap to centre the map on it A government that deliberately enacts and persists in injustice will eventually become the laughing-stock of the world Last stated 172 years ago
4 Jul 1854
HT
Henry David Thoreau — holds since 1854-07-04 — tap for who they are
Same subject: A government-run solution should be accepted only once it is shown to be better than the market outcome it replaces. — tap to centre the map on it A government-run solution should be accepted only once it is shown to be better than the market outcome it replaces. Last stated 3 weeks ago
28 Sept 2026
RM
Roger Martin — holds since 2026-09-28 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Cutting off trade with tariffs would force a huge interest-rate spike and probably a debt crisis, because the budget deficit would have to be financed at home. — tap to centre the map on it Cutting off trade with tariffs would force a huge interest-rate spike and probably a debt crisis, because the budget deficit would have to be financed at home. Last stated 2 years ago
14 Apr 2025
JC
John H. Cochrane — holds since 2025-04-14 — tap for who they are
Same subject: During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. — tap to centre the map on it During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Republicans' long-term strategy since Reagan has been to spend heavily on things that don't benefit the non-rich, refuse to raise taxes, and thereby balloon the national debt. — tap to centre the map on it Republicans' long-term strategy since Reagan has been to spend heavily on things that don't benefit the non-rich, refuse to raise taxes, and thereby balloon the national debt. Last stated a month ago
16 Sept 2026
RS
Richard Stallman — holds since 2026-09-16 — tap for who they are
Same subject: Structural fiscal deficits have surpassed private sector lending and monetary policy as the primary driver of economic activity and inflation. — tap to centre the map on it Structural fiscal deficits have surpassed private sector lending and monetary policy as the primary driver of economic activity and inflation. Last stated 2 years ago
8 Jan 2025
LA
Lyn Alden — holds since 2025-01-08 — tap for who they are
Same subject: The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad. — tap to centre the map on it The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure. — tap to centre the map on it Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: The lower a country's neutral interest rate, the smaller the fiscal and welfare costs of public debt and the larger its welfare benefits. — tap to centre the map on it The lower a country's neutral interest rate, the smaller the fiscal and welfare costs of public debt and the larger its welfare benefits. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
At the centre
Assessing whether government debt is sustainable is as much an art as a science.
Holds Read this korrent →
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.
Holds
A competent, empowered civil service that performs crucial government functions with in-house expertise is good.
Holds
A conspiracy theory can be used as a pretext to dismantle government programs and target researchers and citizens.
Holds
A free person sees government as a means, neither a giver of favors nor a master to be worshipped
Last stated c. 1962
Holds
A government is legitimate internally if the governed have consented to it, whatever form it takes.
Holds
A government only has legitimacy through long continuity, and once that thread is cut one regime change reliably becomes five.
Holds
A government taking a stake in its chipmaker is ordinary infrastructure policy — Taiwan, Japan and Singapore all did it.
Holds
A government that deliberately enacts and persists in injustice will eventually become the laughing-stock of the world
Holds
A government-run solution should be accepted only once it is shown to be better than the market outcome it replaces.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
Cutting off trade with tariffs would force a huge interest-rate spike and probably a debt crisis, because the budget deficit would have to be financed at home.
Holds
During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity.
Holds
Republicans' long-term strategy since Reagan has been to spend heavily on things that don't benefit the non-rich, refuse to raise taxes, and thereby balloon the national debt.
Holds
Structural fiscal deficits have surpassed private sector lending and monetary policy as the primary driver of economic activity and inflation.
Holds
The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad.
Holds
Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure.
Holds
The lower a country's neutral interest rate, the smaller the fiscal and welfare costs of public debt and the larger its welfare benefits.
Holds