korrents

← Public investment cannot be assumed to be automatically financeable by debt merely because it has high social returns.

On the map

8 connected korrents · 6 moments on record from 11 Feb 2019 to 21 Aug 2026.

Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Public investment cannot beassumed to be automaticallyfinanceable by debt merely… OB Olivier Blanchard — holds since 2022-06-01 Quantitative rules are not a reliable tool for ensuring government debt sustainability. Quantitative rules arenot a reliable tool for… OB Olivier Blanchard — holds since 2022-06-01 When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost. When safe interestrates are expected to… OB Olivier Blanchard — holds since 2019-02-11 OB Olivier Blanchard — turned since 2023-11-06 There is no universal debt-to-GDP threshold beyond which government debt becomes unsustainable; sustainability depends on factors like the real interest rate. There is no universaldebt-to-GDP threshold… OB Olivier Blanchard — holds since 2022-06-01 Social justice is intrinsically unjust, because the state can only fund it by collecting taxes coercively. Social justice isintrinsically unjust… JM Javier Milei — holds since 2024-01-17 A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. A government debtcrisis is measurable… RD Ray Dalio — holds since 2026-08-21 The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad. The main obstacle tosound fiscal policy… OB Olivier Blanchard — holds since 2022-06-01 Interest rates have little effect on investment, and central banks have limited control over real interest rates. Interest rates havelittle effect on… TC Tyler Cowen — holds since 2023-10-01 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. A central bank caneliminate a… OB Olivier Blanchard — holds since 2022-06-01
same subject