Description A resurgence, almost seismic in its impact, is currently shaking the foundations of global economic systems. Big government is making a grand re-entry, challenging our long-held beliefs about fiscal policies and intervention. A paradigm shift is imminent, and its implications are daunting, both fiscally and politically. New Directions in Financial Dialogues Amidst a backdrop of … Read more A resurgence, almost seismic in its impact, is currently shaking the foundations of global economic systems. Big government is making a grand re-entry, challenging our long-held beliefs about fiscal policies and intervention. A paradigm shift is imminent, and its implications are daunting, both fiscally and politically. New Directions in Financial Dialogues Amidst a backdrop of the esteemed Jackson Hole symposium, where bankers usually dominate discussions with their monetary policy forecasts, an unexpected voice captured the limelight. Professor Barry Eichengreen, an academic and not a banker, brought sobering news. The colossal public debts accumulated during the pandemic aren’t disappearing soon. Contrary to expectations of economic growth chipping away at these debts, governments are, in fact, ramping up spending. The concerns aren’t baseless….
