Why We Need to Forgive Pandemic Debt
In a “Force Majeure Global Catastrophe,” we need to take extraordinary steps
The way economies have weathered the pandemic, so far, has been through very muscular interventions by the world’s central banks. To address the economic damage done by COVID-19, governments have borrowed, in the aggregate, trillions of dollars from central banks, using the money to do everything from prop up falling asset ...
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