As governments pile up debt, central banks insist they are merely managing liquidity. Yet their extraordinary financing of fiscal gaps raises questions about debt sustainability. Even a privileged economy may not be safe from the perils of runaway borrowings.
Raghuram Rajan: Are central banks aiding a doom loop of unsustainable government deficits?
📅 Published: January 14, 2026 |
📂 Category: Uncategorized
