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Across the rich world, fiscal crises loom
economist.com/special-report/2025/10/13/across-the-rich-world-fiscal-crises-loom
Government debt is one of humanity’s great inventions. It allows societies to store wealth, fight crises and build for the future. After Britain’s superior access to credit helped it defeat Napoleon in 1815, one historian likened the country’s credit lines to Aladdin’s lamp. Two…
This story appeared on economist.com, 2025-10-13 12:14:25.