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Why do governments choose to borrow (that is, float debt) rather than raise tax revenues? What does it mean for a government to default on
Why do governments choose to borrow (that is, float debt) rather than raise tax revenues? What does it mean for a government to default on its debt and what implications do you think this has on their ability to raise tax revenues and to continue borrowing? What is a "haircut" on debt and why would lenders ever give borrowers a "haircut"?
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
