Countries Piling on Record Debt in Covid-Era

Countries Piling on Record Debt in Covid-Era
(Alessandro della Valle/Keystone via AP)

Public debt levels and deficits have hit records during the pandemic.
Many experts argue it’s a sound means to fund the recovery.

Such borrowing has been further enabled and encouraged since the financial crisis due to central bank efforts.

As public debt in the US recently hit a peak not reached since World War II, a funny thing happened: the public didn’t really seem to mind.

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