Every government faces a temptation to make two popular choices at the same time: hold taxes lower and raise spending higher. But of course, the result is higher debt. Thus, a number of countries have been attempting to set up rules that would prevent governments from giving into temptation. One immediate challenge for such rules … Continue reading Do Rules to Limit High Government Debt Work? The post Do Rules to Limit High Government Debt Work? first appeared on Conversable Economist.
