Our readingWhat is a korrent?
The real danger of high government debt is the policy errors it provokes, not a debt crisis.
Drawn from what Ben Carlson said
What these subjects mean
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.
fiscal policy The spending-and-taxing half of macro, as against the central-bank half: multipliers, stabilisers, stimulus.