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Bruce Jones

Bruce Jones

1 commentaries

Bruce Jones is Senior Fellow and Director of the project on international order and strategy at the Brookings Institution and a consulting professor at Stanford University. He is the author of Still Ours to Lead: America, Rising Powers, and the Tension between Rivalry and Restraint.

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  5. op_schauble6_YANNSCHREIBERAFPviaGettyImages_ecbcovid Yann Schreiber/AFP via Getty Images

    Are We Risking a Debt Pandemic?

    Wolfgang Schäuble

    Even in a crisis as grave as the COVID-19 pandemic, money is not a panacea, and borrowing makes sense only if it is carried out prudently and reasonably. Otherwise, states will jeopardize their long-term financial flexibility, price stability, and competitiveness.

     worries that monetization of pandemic-related government borrowing will boost inflation and erode competitiveness.
    5

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