Prof Barry Eichengreen: In defense of public debt

In this special lecture, Professor Barry Eichengreen joins us to discuss his latest co-authored book, In Defense of Public Debt, which explores the origins, management, and uses and misuses of sovereign debt through the ages.

Public debts have exploded to levels unprecedented in modern history as governments responded to the COVID-19 pandemic and ensuing economic crisis. Their dramatic rise has prompted apocalyptic warnings about the dangers of heavy debts - about the drag they will place on economic growth and the burden they represent for future generations. In Defense of Public Debt offers a sharp rejoinder to this view, marshalling the entire history of state-issued public debt to demonstrate its usefulness.

This event took place on 24 April 2023. It forms part of the IPR's 'Polycrisis!' lecture series.

Видео Prof Barry Eichengreen: In defense of public debt канала Institute for Policy Research