Why Tax When You Can Borrow At Negative Rates?

Why Tax When You Can Borrow At Negative Rates?: pTyler Cowen’s not persuaded that the existence of negative real interest rates means the government should increase its borrowing because, basically, he takes a very dim view of government spending. So . . . fine. Yet the fact of the matter is that the United States government does spend lots of money. One important question [...]/p