"Spend Now, and Deal with the Consequences Later" Is the Worst Policy | Mises Institute

"Spend Now, and Deal with the Consequences Later" Is the Worst Policy

Audio Mises Wire

Tags Economic PolicyU.S. Economy

10/26/2022Daniel Lacalle

Narrator:

Our current deficit policy amounts to "Give me your wallet, and you will deal with the credit card balance later."

Original Article: ""Spend Now, and Deal with the Consequences Later" Is the Worst Policy"

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Author:

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).

He is a professor of global economy at IE Business School in Madrid.

Original Article:

"Spend Now, and Deal with the Consequences Later" Is the Worst Policy