In what sense does the use of debt financing by a national government impose a burden on
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In what sense does the use of debt financing by a national government impose a burden on the future generation? How does debt financing increase the “wealth” of the current generation compared with tax financing? Under what circumstances will the burden of the debt on future generations be offset?
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Using debt financing by a national government can impose a burden on future generations in several ways Interest Payments When a government borrows money by issuing debt it needs to make interest paym...View the full answer
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Saleem Abbas
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Related Book For 
Public Finance A Contemporary Application Of Theory To Policy
ISBN: 9780538754460
10th Edition
Authors: David N Hyman
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