The unprecedented government response to the global pandemic has pushed public debt in many countries to historic highs, relative to output. This paper assesses the arguments for and against fiscal expansion and rapidly rising public debt as a means to invest in comprehensive wealth.

As the consequences of climate change, social tensions and high levels of inequality are increasingly evident, the Bennett Institute for Public Policy has published this report for the Wealth Economy Project on how to improve economic measurement in order to guide effective economic policymaking.