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Harold Brown

Harold Brown

3 commentaries

Harold Brown, US Secretary of Defense under President Jimmy Carter, is author of Star Spangled Security: Applying Lessons Learned Over Six Decades Safeguarding America. He sits on the Defense Policy Board of the US Department of Defense, is Trustee Emeritus of the RAND Corporation, and a trustee of the Center for Strategic and International Studies.

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  1. 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.
    3

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