Someone else’s money

For the last couple of decades, public debt and banking system liquidity has been ratcheting up around the world after each recession or market correction. But no one appears to have any credible plan for restoring public debt, liquidity or central bank policy rates to normal levels. Read more

Dr Bryce Wilkinson
Insights Newsletter
12 June, 2020

Prudent debt

A government is not a household and reasoning from wrong assumptions can lead to errors. In the last recourse, households cannot print their own currency. And where people cannot ask their employers to pay them more in a crisis, governments can compel all of us to pay more in taxes. Read more

Dr Eric Crampton
9 June, 2020

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