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Jon Ungphakorn

Jon Ungphakorn

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Jon Ungphakorn is an elected member of the Thai Senate and committee member of the Asean Inter-Parliamentary Caucus on Democracy in Myanmar. He recently received the prestigious 2005 Ramon Magsaysay Award for Government Service for his work with communities affected by HIV/AIDS and for his work on human rights issues in Thailand.

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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.
    4

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