Tax cuts create simultaneously a lack of tax receipts and more savings ready to be changed into public bonds and compensate this shortage of tax revenue. A part of tax resources is replaced by borrowing and those who are enjoying tax cuts are also receiving interest from government. The...

French abstract: L’article a pour finalité de déconstruire le concept de « dette publique », en prenant la « dette publique » comme objet d’étude en zone euro. Pour ce faire, l’article emprunte au holisme méthodologique, aux questions de souveraineté monétaire, à la...

France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...