In Defense of Public Debt, reviewed by Paschal Donohoe

The Minister for Finance says this accessible book lacks contemporary policy arguments

In Defense of Public Debt  is a history of two millennia of government borrowing. Photograph: Getty Images

In Defense of Public Debt is a history of two millennia of government borrowing. Photograph: Getty Images

Beginning the morning thinking about our national debt is not an affliction that too many suffer. But for me during our last crisis, every day began with a quick scan of the reaction of financial markets to our national borrowing efforts.

In fairness, it was not an exclusively minority interest. The drumbeat of bond yields dominated media and politics.

The Irish Times
Please subscribe or sign in to continue reading.
The Irish Times

How can I keep reading?

You’ve reached an article that is only available to Irish Times subscribers.

Subscribe today and get the full picture for just €1 for the first month.

Subscribe No obligation, cancel any time.