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(fā)達(dá)國(guó)家的公共債務(wù)是否已從根本上變得不可收拾？這個(gè)問(wèn)題一點(diǎn)也不離譜。最新的債務(wù)數(shù)據(jù)清楚地表明，我們?cè)缫堰h(yuǎn)離了那種古老的公共財(cái)政范式——在戰(zhàn)爭(zhēng)時(shí)期舉債、在和平時(shí)期償還。
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