Morality of Public Deficits: A Historical Perspective |
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| Authors: | Shaheen Borna & Krishna G Mantripragada |
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| Institution: | Marketing College of Business, Ball State University, Muncie, Indiana,;Finance department, College of Business, Ball State University, Muncie, Indiana |
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| Abstract: | This article examines the morality of public deficits through the views of political leaders, economists and public finance experts. It looks at the changing attitude about borrowing for the modern state and examines the ability of current generations to shift the debt burden to future generations. The article also explores whether the adoption of an organic or individualistic concept of the role of the state affects conclusions concerning the morality of public debt. |
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