{"id":3568,"date":"2022-12-03T13:37:33","date_gmt":"2022-12-03T13:37:33","guid":{"rendered":"https:\/\/koeky.nl\/boeken\/product\/public-debt-as-a-form-of-public-finance\/"},"modified":"2022-12-03T13:37:37","modified_gmt":"2022-12-03T13:37:37","slug":"public-debt-as-a-form-of-public-finance","status":"publish","type":"product","link":"https:\/\/koeky.nl\/boeken\/product\/public-debt-as-a-form-of-public-finance\/","title":{"rendered":"Public Debt as a Form of Public Finance"},"content":{"rendered":"<p>Overcoming a Category Mistake and its Vices<\/p>\n<p>Economists commit a category mistake when they treat democratic governments as indebted. Monarchs can be indebted, as can individuals. In contrast, democracies can&#8217;t truly be indebted. They are financial intermediaries that form a bridge between what are often willing borrowers and forced lenders. The language of public debt is an ideological language that promotes politically expressed desires and is not a scientific language that clarifies the practice of public finance. Economists have gone astray by assuming that a government is just another person whose impulses toward prudent action will restrict recourse to public debt and induce rational political action.<\/p>\n<p>&nbsp;<\/p>\n<p>Auteur: Richard  Wagner<\/p>\n<p>Taal: Engels<\/p>\n<p>Bindwijze: paperback<\/p>\n<p>Rubriek: Economie<\/p>\n<p>Leverbaarheid: Direct leverbaar<\/p>\n<p>Uitgever: Cambridge University Press<\/p>\n<p>Verschijningsdatum: 2019-05-30T00:00:00+02:00<\/p>\n<p>Trefwoord:<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economists commit a category mistake when they treat democratic governments as indebted. Monarchs can be indebted, as can individuals. In contrast, democracies can&#8217;t truly be indebted. They are financial intermediaries that form a bridge between what are often willing borrowers and forced lenders. The language of public debt is an ideological language that promotes politically expressed desires and is not a scientific language that clarifies the practice of public finance. Economists have gone astray by assuming that a government is just another person whose impulses toward prudent action will restrict recourse to public debt and induce rational political action.<\/p>\n","protected":false},"featured_media":3569,"comment_status":"closed","ping_status":"open","template":"","meta":[],"product_brand":[],"product_cat":[29],"product_tag":[],"class_list":{"0":"post-3568","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-economie","8":"first","9":"instock","10":"product-type-external"},"_links":{"self":[{"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product\/3568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/types\/product"}],"replies":[{"embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/comments?post=3568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/media\/3569"}],"wp:attachment":[{"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/media?parent=3568"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product_brand?post=3568"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product_cat?post=3568"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product_tag?post=3568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}