PUBLIC DEBT AND FUTURE GENERATIONS by James M.- Ed. Ferguson

PUBLIC DEBT AND FUTURE GENERATIONS

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KIRKUS REVIEW

Over the past six years there has been a heated debate between two groups of economists concerning the nature of what term debt financing. The question, simply put, is this: is a burden imposed upon future taxpayers by the payment of interest upon government debts incurred to finance current projects? The prevalent viewpoint from the late 1939's on would indicate no. However, James M. Buchanan in a 1958 publication took a dissident position and others included here defend him. Both sides are represented here along with graphs, tables, and convoluted sentences difficult for the uninformed reader. However, an important book. The political consequences hover in the wings, unseen but certainly crucial.

Pub Date: Nov. 14th, 1964
ISBN: 0313235376
Publisher: Univ. of North Carolina