US & EU Public Debt Can Fund the Pandemic & Green New Deal
As the EU failed over the weekend to agree on a Green New Deal and Emerging Markets and the Southern and Western US states continue to deliver higher infections per capita (please see charts below), the question of funding Green New Deal economic recovery plans amidst higher debt levels from further lockdowns becomes pertinent – particularly as Melbourne just launched a mandatory mask requirement in public for a much lower infection count. US and EU public debt as a percentage of national income has lots of borrowing room and is not a problem – the real problem is just whether or not it is invested intelligently – and that is quite a big if. Recent US experiences with increasing the national debt have, on balance, been failures. www.macroESG.com #macroESG --- Send in a voice message: https://anchor.fm/macro-esg/message