Government spending behavior has shifted: rather than being constrained, governments now borrow without limits to fund current-era consumption, mortgaging the next generation's capital and productivity growth.
causalpending
Speaker
David MalpasEvidence Quote
“the government's basically borrowing the next generation's worth of capital uh and spending it now and so that I I think is not wise”
Source
Fix the global debt crisis before it's too late, warns World Bank's David Malpass— GZERO MediaCreated: 8/12/2026, 6:44:21 PM
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