The other week I caught sight of a headline declaring that the IMF was warning against cuts in public spending and borrowing. The report stopped me in my tracks. After half a century or so as keeper of the sacred flame of fiscal prudence, the IMF was telling policymakers in rich industrial nations they should not fret overmuch about huge build-ups of public debt during the Covid-19 crisis. John Maynard Keynes had been disinterred, and the world turned upside down.
前陣子，我無意中看到一個新聞標題，稱國際貨幣基金組織(IMF)警告各國不要削減公共支出和借款。該報導讓我大喫一驚。大約半個世紀以來一直充當聖火守護者，守護著「財政審慎」神聖原則的IMF，現在卻告訴富裕工業國家的政策制定者，他們不應過度擔心公共債務在新型冠狀病毒肺炎（COVID-19，即2019冠狀病毒病）危機期間累積太多。
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