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But to the extent that cuts leave unemployment higher, for longer, than would otherwise have been the case, they reduce the long-run output path worsening, in turn, the burden of government borrowing past, present, and future.
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The enemy of government borrowing has bequeathed to the nation a public debt burden almost three times what it was when Margaret Thatcher was ejected from office.
Blame the deficit scolds, who weep crocodile tears over the supposed burden of debt on the next generation, but whose constant inveighing against the risks of government borrowing, by undercutting political support for public investment and job creation, has done far more to cheat our children than deficits ever did.
The desirability of government borrowing has been debated for centuries.
The evolution of government borrowing was very slow.
This means the right discount rate should be the cost of government borrowing.
To reassure financial markets jittering over the prodigious size of government borrowing, the chancellor showed restraint.
The coming torrent of government borrowing may make it harder for banks to attract private funding.
The cost of government borrowing jumped.
Across the world the cost of government borrowing is rising.
Investment analyst and author believes the era of government borrowing is at its end.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com