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Seth Baum

Seth Baum

1 commentaries

Seth Baum is the executive director of the Global Catastrophic Risk Institute (GCRI), a think tank focused on extreme global risks. He is also affiliated with the Blue Marble Space Institute of Science and the University of Cambridge Centre for the Study of Existential Risk.

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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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