Has public debt in the developed world become fundamentally unmanageable? The question is far from outlandish. Recent debt numbers starkly underline how far we have moved beyond the ancient public finance paradigm whereby debt was racked up in wars and paid down in peacetime.
發達國家的公共債務是否已從根本上變得不可收拾?這個問題一點也不離譜。最新的債務數據清楚地表明,我們早已遠離了那種古老的公共財政范式——在戰爭時期舉債、在和平時期償還。
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