laurie passons is british academy post-doctoral research fellow at royal holloway university of london what do you reckon dangerous precedent or a sound way of funding the recover it. well i think you know answering that question the 1st thing that we have to consider is the sinks in between public debt and private debt as an individual more that is something that often gets conflated in public discourse but nevertheless it's a very important distinction to consider when we think about recovery and debt terms from this crisis now where as an individual who takes out a loan on a credit card for example has fixed terms of interest in repayment a country which takes out that takes out loans usually in its own currency and this has huge implications for the way in which that debt is repaid for example a currency which takes on debt has influence both directly by the issuing of government bonds and also indirectly but influence so that the central bank which can change interest rates and also the supply of money said a country which takes on debt whatever reasons actually has quite a signif

laurie passons is british academy post-doctoral research fellow at royal holloway university of london what do you reckon dangerous precedent or a sound way of funding the recover it. well i think you know answering that question they thought this thing that we have to consider is the sinks in between public debt and private debt as an individual something often gets conflated in public discourse but nevertheless it's a very important distinction to consider when we think about recovery and debt terms from this crisis now where as an individual who takes out a loan on a credit card for example has faced terms of interest in repayment a country which takes out that takes out loans usually in its own currency and this has huge implications for the way in which that debt is repaid for example a currency which takes on debt has influence both directly by the issuing of government bonds and also indirectly fiat influence so that the central bank which can change interest rates and also the supply of money said a country which takes on debt whatever reasons actually has quite a significant a

laurie passons is british academy post-doctoral research fellow at royal holloway university of london what do you reckon dangerous precedent or a sound way of funding the recover it. well i think you know answering that question they 1st thing that we have to consider is the sinks in between public debt and private debt as an individual is something that often gets conflated in public discourse but nevertheless it's a very important distinction to consider when we think about recovery and debt terms from this crisis now where as an individual who takes out a loan on a credit card for example has fixed terms of interest in repayment a country which takes out that takes out loans usually in its own currency and this has huge implications for the way in which that debt is repaid for example a currency which takes on debt has influence both directly by the issuing of government bonds and also indirectly influence so that the central bank which can change interest rates and also the supply of money said a country which takes on debt whatever reasons actually has cost significant amount of

laurie passons is british academy post-doctoral research fellow at royal holloway university of london what do you reckon dangerous precedent or a sound way of funding the recover it. well i think you know answering that question they 1st thing that we have to consider is this thinking between public and private debt as an individual is something that often gets conflated in public discourse but nevertheless it's a very important distinction to consider when we think about recovery and debt terms from this crisis now where as an individual who takes out a loan on a credit card for example has fixed terms of interest in repayment a country which takes out that takes out loans usually in its own currency and this has huge implications for the way in which that debt is repaid for example a currency which takes on debt has influence both directly by the issuing of government bonds and also indirectly put that influence so that the central bank which can change interest rates and also the supply of money said a country which takes on debt whatever reasons actually has quite a significant am