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a) What does Friedman identify as the cause for the increasing levels of public debt? b)...

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Economics

  1. a) What does Friedman identify as the cause for the increasinglevels of public debt? b) Find an article related to fiscal crisisdue to the coronavirus, and then summarize the key points of thearticle.

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aAccording to Milton Friedman it is the government spending which creates the debtTo putin his words it is the way government spends which creates debt so debt is not the problemrather problem is how government spends Assuming that a country has resources equal to 100 and government spends half of it that 50 percent of the resources are only left for private individuals for consumption and    See Answer
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