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Financial markets are not responsible for government over-borrowing, any more than your bank forces you to take out a car loan unless you want to.

Financial markets are not responsible for government over-borrowing, any more than your bank forces you to take out a car loan unless you want to. It is nevertheless true that investment banks will help governments to borrow if the latter want to. In the end, it is always the citizen who pays the penalty. If we wanted to stop our government from borrowing excessively, what could we do that might actually work in the long term? Make sure to give some concrete evidence!

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