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  • 1 min

Public Debt, Climate Change, and Future Generations

  • 12 August 2019
  • Philippe Waechter
  • Climate Change
  • Interest Rates
  • Public Debt
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I look forward to the day my grandchildren ask me “Why didn’t you invest when interest rates were negative? It could have limited global warming as we burn today. ”
I will say then, “Very smart people thought that the public debt was too high. Negative rates were then an opportunity to reduce it” and they answer me “isn’t it a lack of foresight, of perspicacity?”
The climate challenge for future generations is more important than an accounting view of the public debt. We fear to leave them a debt too high that could constrain them. Not taking advantage of current opportunities is the best way to constrain their life and their future.

Related Topics
  • Climate Change
  • Interest Rates
  • Public Debt
On the same topic
  • 10 min

From Today to Tomorrow – December 22 – The three ruptures of the health crisis – We must rebuild the economy

  • 22 December 2020
  • News & Chronicles

Philippe Waechter

The health crisis was a life-size experience. As a result of active economic policies, economies have been resilient. But three ruptures will change the economy of tomorrow.The first is the…
  • Economic Policy
  • Labor Market
  • Polarization of the World
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  • 3 min

From Yesterday to Today – October 16 – Low interest rates for an extended period before inflation

  • 16 October 2020
  • Monetary Policy

Philippe Waechter

Low interest rates reflect the combination of fiscal and monetary policies. This is already translating into severe financial repression. Governments, more than central banks, will have an interest in a…
  • Financial Repression
  • Inflation expectations
  • Interest Rates
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  • 4 min

Europe must choose its philosophy

  • 25 May 2020
  • International

Philippe Waechter

The European Commission will have to choose between the Franco / German plan and the proposal of “frugal four”. The choice will shape the trajectory of Europe for the years…
  • "Frugal Four" Countries
  • European Commission
  • European Union
  • Franco/German Proposal
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