A few remarks on "Debt-xit"

The coronavirus crisis has turned public finance in developed countries upside down. On average, the additional government debt will represent 20 points of GDP, because to cushion the shock, large public deficits have had to compensate for the forced rise in private savings. Thus far, there is no controversy. But what to do with this debt? The "fiscal hawks" are calling for austerity without delay. On the other hand, there is a push for the debt to be cancelled (“Debt-xit”). In b...