Thomas Sargent Recounts History of U.S. Debt Limits published by IMF Survey (12/2013).
Nobel Laureate Sargent explains the history of debt limits
Role of debt limits has changed over time
Economic doctrines in the minds of policymakers are important
In a recent visit to the IMF, Nobel Laureate Thomas Sargent brought to life the economic and financial history of the United States, with stories of how debt limits have evolved over the years before and since the creation of the Bretton Woods Institutions.
On December 2, Thomas Sargent, 2011 Nobel Laureate in Economics, delivered the inaugural Richard Goode Lecture at the IMF. Convened by the IMF’s Fiscal Affairs Department (FAD), the Richard Goode Lecture, named after FAD’s first director, who served from 1965–1981, is designed to bring together annually academia and policymakers to discuss important topics of fiscal policy.