Posts Tagged Ricardian Equivalence

Economics lessons from history: Don’t expect a post-Covid boom

Economics lessons from history: Don’t expect a post-Covid boom

Just over 200 years ago, the finances of the British government looked even more parlous than they do today. Since the mid-1790s, the country had been engaged in a titanic struggle with Napoleon’s France. To pay for the conflict, the government had borrowed on a massive scale.

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To pay for this crisis, the government must keep in mind Ricardian equivalence

To pay for this crisis, the government must keep in mind Ricardian equivalence

John Maynard Keynes could certainly craft a neat phrase. In the Second World War, he wrote in his pamphlet How to Pay for the War: “It is only in a free community that the task of government is complicated by the cause of social justice.” The impact

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