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Wednesday, June 3, 2015

When Is Repaying Public Debt Not Of The Essence? | iMFdirect - The IMF Blog

When Is Repaying Public Debt Not Of The Essence? | iMFdirect - The IMF Blog

A radical solution for high debt is to do nothing at all—just live with it. Indeed, from a welfare economics perspective—abstracting from real world problems such as rollover risk—this would be optimal.

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