Not true | Greg Jericho Read moreOnly three of the 50 economists polled disagreed with the proposition, none of them “strongly”. Debt now, concern laterRachel Ong of Curtin University said the amount of public debt that has accumulated during the Covid-19 crisis was at a historical high and had to be repaid at some point. | Tony Robinson Read moreConsulting economist Rana Roy pointed out that public debt was “not an anomaly”. Escalating public debt would induce capital inflow, drive up the dollar and make Australian businesses less competitive. When adjusted for these ratings, the proportion prepared to countenance a substantial increase in public debt climbed from 88% to 92.1%.

Source: The Guardian July 22, 2020 01:18 UTC