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Curated by Project Syndicate

Davos: Go Tell It From The Mountain

15 commentaries

Many of the world's most influential leaders and thinkers meet at Davos this week, amid deepening uncertainty about the future of the post-1945 world order. Here’s what they are saying.

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rajan63_ALEX EDELMANAFP via Getty Images_nancypelosicoronavirus Alex Edelman/AFP via Getty Images

Should Governments Spend Away?

Raghuram G. Rajan

With sovereign-bond markets still showing little concern for the massive levels of borrowing and spending across advanced economies, it is tempting to think that there is effectively no limit to further stimulus. But we owe it to future generations to recognize how spending today could affect investment tomorrow.

worries that future generations will be saddled with an unpayable bill for today's pandemic-related borrowing.
8

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  1. rajan63_ALEX EDELMANAFP via Getty Images_nancypelosicoronavirus Alex Edelman/AFP via Getty Images

    Should Governments Spend Away?

    Raghuram G. Rajan

    With sovereign-bond markets still showing little concern for the massive levels of borrowing and spending across advanced economies, it is tempting to think that there is effectively no limit to further stimulus. But we owe it to future generations to recognize how spending today could affect investment tomorrow.

    worries that future generations will be saddled with an unpayable bill for today's pandemic-related borrowing.
    8

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