In Defense of Public Debt

Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, Kris James Mitchener — 2021

Debt in service of the state -- States and the limits of borrowing -- Democratization and globalization -- Caveat emptor -- Managing problem debts -- Successful consolidation -- Warfare to welfare -- Cycles of debt -- Oil and water -- Missed opportunities -- Debt to the rescue -- COVID-19.