War-To-Peace Transitions: Peace & The Public Purse | The Economics of War & Peace Episode 5

Transcript

(gentle music) - In the post-war settings, the ratio of taxes to national income is often very, very low, but the needs for public expenditure are very, very high. You have all of that damage to repair. You have roads, water systems, electricity systems, buildings that need to be repaired. Even if you can get some of the money for the capital expen... Read More