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Olin L. Wethington

Olin L. Wethington

3 commentaries

Olin L. Wethington, former US Assistant Secretary of the Treasury for International Affairs, heads a business advisory firm focused on emerging markets.

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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.
    3

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