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The fear is that eroding fiscal norms will change investors' expectations about being repaid for government debt, something that comes with just about…
Washington Post columnist Megan McArdle recently wrote that the best argument made in favor of limiting the size of the stimulus during the Great Recession — part of a larger conversation about austerity — was one of ethos. “We weren’t spending the money in theory,” she wrote, “or in 1945, when an ethos of fiscal […]
An ethos of fiscal responsibility and healthy fiscal norms are a big deal. We should lament their erosion.
An ethos of fiscal responsibility and healthy fiscal norms are a big deal. We should lament their erosion.
An ethos of fiscal responsibility and healthy fiscal norms are a big deal. We should lament their erosion.