In this series, the institute's Distinguished Research Fellows share research-based articles exploring policy questions around debt, wages, taxes and inflation.
These articles are available here and also on the institute's Medium site.
Honoring Public Debts
by Thomas J. Sargent
Viewing the past through the lens of government bonds, Sargent shows how the interest of bondholders can have a strong influence on government policy, from how treaties are written to decisions around going to war.