{"product_id":"9781108735896","title":"Public Debt as a Form of Public Finance","description":"Economists commit a category mistake when they treat democratic governments as indebted. Monarchs can be indebted, as can individuals. In contrast, democracies can't truly be indebted. They are financial intermediaries that form a bridge between what are often willing borrowers and forced lenders. The language of public debt is an ideological language that promotes politically expressed desires and is not a scientific language that clarifies the practice of public finance. Economists have gone astray by assuming that a government is just another person whose impulses toward prudent action will restrict recourse to public debt and induce rational political action.","brand":"Richard E. Wagner","offers":[{"title":"Default Title","offer_id":46121792405822,"sku":"9781108735896","price":913.8,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4357\/7662\/products\/9781108735896_da49b892-35bd-4e47-b3a5-de495edadc85.jpg?v=1707410503","url":"https:\/\/exclusivebooks.co.za\/products\/9781108735896","provider":"Exclusive Books Online","version":"1.0","type":"link"}