Public debt

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Economic consequences

Sustainability

[1]

Intergenerational consequences

[2]

  1. ↑ The algebra of the debt trap is examined on the addendum subpage and at page 315 of Frederic Fourie: How to Think and Reason in Macroeconomics. JUTA 2001
  2. ↑ The economics of "crowding-out" are explained on page 56 of Frederic Fourie: How to Think and Reason in Macroeconomics. JUTA 2001, and on page 246 of William Baumol and Alan Blinder: Economics, Principles and Policy, Harcourt, Brace Jovanovich 1979
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