Deep In the Red

Government debt around the world is at unprecedented levels - and so is the cost of borrowing, which means there's less to spend on hospitals, school and defence. So why is the debt so big, and the cost so high? And is it up to central banks to try to rebalance the system? Muhammad Ali Nasir, Professor Economics at Leeds University, tells Phil and Roger where the crisis came from, and what could help Hosted on Acast. See acast.com/privacy for more information.