Very low interest rates: The temptation is too great for governments

In all OECD countries, public opinion is demand ing increased purchasing power, tax cuts, increased public investments (energy transition, infrastructure, education, support to companies in the industries of the future , etc. ). In a situation of very low interest rates, no government can resist: there will be increases in fiscal deficits everywhere, one can only hope that they will be used to finance useful public spending, which has not been the case since the crisis.