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Geoff Dow discusses public debt

Geoff Dow on the public debt

Associate Professor Geoff Dow argues that the need to facilitate economic transformation (that is, to encourage structural change), though sometimes resisted, will be an enduring one – as will the political problems associated with it.  To this end, debt-financing of transport and communication infrastructure, as well as of education, training and environmental protections, which all enhance production and productive capacities, cannot be excluded or disparaged.  In an uncertain world, judicious levels of debt can nurture not only prosperity and sustainability, but also civility.

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