Rahul V Kumar, Research Consultant at Centre for Public Policy Research writes how when the question of intergenerational transfers is raised in the context of debt, especially unsustainable debt of the state, the natural response from supporters of debt is to argue that it all depends on what the debt is used for. They argue that if the debt is used to finance education, it could be rather beneficial to the state as well as to the future generation.

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On the Question of State Debts and Intergenerational Transfers 


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