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← The main obstacle to sound fiscal policy debate is a widespread,…
17 connected korrents · 12 moments from 11 Feb 2019 to 22 Sept 2026.
Everything filed under public debt
public debt
Everything filed under government
government
Everything filed under religion
religion
Everything filed under fiscal policy
fiscal policy
Everything filed under quantitative easing
quantitative easing In tension In tension 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: The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad. 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
In tension: America borrowed cheaply from the world and spent it on consumption rather than investment, exactly as Greece did. — tap to centre the map on it America borrowed cheaply from the world and spent it on consumption rather than investment, exactly as Greece did. Last stated 2 years ago
14 Apr 2025
JC
John H. Cochrane — holds since 2025-04-14 — tap for who they are
In tension: Germany's constitutional debt brake will not be reformed. — tap to centre the map on it Germany's constitutional debt brake will not be reformed. Last stated 2 years ago
4 Mar 2025
FM
Friedrich Merz — holds since 2025-02-25 — tap for who they are
FM
Friedrich Merz — no longer holds since 2025-03-04 — 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: Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster. — tap to centre the map on it Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Fiscal multipliers vary across time and place but are generally nonzero, positive for spending, negative for taxes, and larger when monetary policy cannot offset them. — tap to centre the map on it Fiscal multipliers vary across time and place but are generally nonzero, positive for spending, negative for taxes, and larger when monetary policy cannot offset them. 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
Same subject: 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. — tap to centre the map on it 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. Last stated 3 years ago
6 Nov 2023
OB
Olivier Blanchard — holds since 2019-02-11 — tap for who they are
OB
Olivier Blanchard — no longer holds since 2023-11-06 — tap for who they are
Same subject: A little philosophy inclines the mind to atheism, but depth in philosophy brings it back to religion — tap to centre the map on it A little philosophy inclines the mind to atheism, but depth in philosophy brings it back to religion
FB
Francis Bacon — holds since c. 1597–1625 — tap for who they are
Same subject: A person's death, more than their life, is what turns them into a viral, revered symbol. — tap to centre the map on it A person's death, more than their life, is what turns them into a viral, revered symbol. Last stated 9 months ago
14 Jan 2026
BT
Brandon Taylor — holds since 2026-01-14 — tap for who they are
Same subject: A religion cannot revive itself by encouraging its members to have more children. — tap to centre the map on it A religion cannot revive itself by encouraging its members to have more children. Last stated 2 months ago
24 Aug 2026
RB
Ryan Burge — holds since 2026-08-24 — tap for who they are
Same subject: A belief system combining cosmic stakes, privileged knowledge, personal vocation and an imperative to act can license extraordinary behavior when it conflicts with ordinary constraints. — tap to centre the map on it A belief system combining cosmic stakes, privileged knowledge, personal vocation and an imperative to act can license extraordinary behavior when it conflicts with ordinary constraints. Last stated a month ago
17 Sept 2026
VR
Venkatesh Rao — holds since 2026-09-17 — tap for who they are
Same subject: A faith with a good God but without sin, hell, the devil or redemption is a boys' philosophy — tap to centre the map on it A faith with a good God but without sin, hell, the devil or redemption is a boys' philosophy
CL
C. S. Lewis — holds since c. 1942–1952 — tap for who they are
Same subject: In England, one allowed religion would very possibly make government arbitrary, two would set people at each other's throats; with many, all live in peace — tap to centre the map on it In England, one allowed religion would very possibly make government arbitrary, two would set people at each other's throats; with many, all live in peace
VO
Voltaire — holds since c. 1733 — tap for who they are
Same subject: A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute. — tap to centre the map on it A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute. Last stated 4 weeks ago
22 Sept 2026
TC
Tyler Cowen — holds since 2026-09-22 — tap for who they are
Same subject: A broken criminal justice institution survives precisely because it serves the people who run it. — tap to centre the map on it A broken criminal justice institution survives precisely because it serves the people who run it. Last stated 2 months ago
1 Sept 2026
RB
Radley Balko — holds since 2026-09-01 — tap for who they are
Same subject: Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. — tap to centre the map on it Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. Last stated 2 years ago
24 Sept 2024
LA
Lyn Alden — holds since 2024-09-24 — 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
At the centre
The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad.
Holds Read this korrent →
America borrowed cheaply from the world and spent it on consumption rather than investment, exactly as Greece did.
Holds
Germany's constitutional debt brake will not be reformed.
No longer 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
Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster.
Holds
Fiscal multipliers vary across time and place but are generally nonzero, positive for spending, negative for taxes, and larger when monetary policy cannot offset them.
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
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.
No longer holds
A little philosophy inclines the mind to atheism, but depth in philosophy brings it back to religion
Last stated c. 1597–1625
Holds
A person's death, more than their life, is what turns them into a viral, revered symbol.
Holds
A religion cannot revive itself by encouraging its members to have more children.
Holds
A belief system combining cosmic stakes, privileged knowledge, personal vocation and an imperative to act can license extraordinary behavior when it conflicts with ordinary constraints.
Holds
A faith with a good God but without sin, hell, the devil or redemption is a boys' philosophy
Last stated c. 1942–1952
Holds
In England, one allowed religion would very possibly make government arbitrary, two would set people at each other's throats; with many, all live in peace
Last stated c. 1733
Holds
A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute.
Holds
A broken criminal justice institution survives precisely because it serves the people who run it.
Holds
Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals.
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