Leveraging Posterity's Prosperity?

The article examines the scale of fiscal policy on deficit financing and public debt in the U.S. based on the studies published by economists Olivier Blanchard, Lukasz Rachel and Lawrence H. Summers in 2019. Topics discussed include the fiscal and welfare costs of public debt according to Blanchard, the scale of Pareto efficiency in an overlapping generation economy, and the safe labor endowment assumption.