With U.S. government spending likely to remain high after the COVID-19 pandemic, tax revenues must increase, because additional borrowing can finance only so much.
For Daron Acemoglu's latest contributions to The Japan Times, see below:
The COVID-19 crisis is brutal reminder that we are still vulnerable to catastrophic risks
The question that still underlies much thinking about economic development is this: What can we do to kick-start economic growth and reduce poverty around the world? The "we" is sometimes the World Bank, sometimes the United States and other rich countries, and sometimes professors of ...