circuit — Anthony Atkinson on the public debt and intergenerational equity

Much of my spare time has been spent reading books and thinking about the best way to think about the economy. In the end, I've come to the conclusion that it's the big picture that matters. 

Take the question of the public debt. Much of the discussion in the popular press relating to the national debt focuses on the liabilities of the government and actuarial concerns (dealing with "how to pay it off"), but it rarely discusses the link between public debt and private wealth, wealth distribution and intergenerational equity. 

Anthony Atkinson, I believe, summarized it best here

Fictional Reserve Barking
Anthony Atkinson on the public debt and intergenerational equity
circuit