• A black-and-white photo of a large neoclassical stone building with tall fluted columns, a triangular pediment, and ornate detailing along the roofline. The structure has a monumental, temple-like appearance, with dark shadows emphasizing the architectural features. Bushes and smaller adjoining sections of the building are visible in the foreground and left side.

The Politics of Debt and Disease

Even before COVID-19, unprecedented levels of public and private borrowing placed debt at the centre of academic and public debates. If access to credit at this stage of the pandemic is crucial for keeping alive economies across the globe, the health crisis has further exacerbated our reliance on borrowing. Massive efforts are expected of states and central banks to support not only individual financial institutions but the financial system as a whole.