‘Fantasy economics’ hit reality: Boomer vs. Gen Z fight roils France as pension costs drive debt crisis and education cuts that fuel student riots
Bond market turmoil and the simultaneous mass student protests at French schools are not a coincidence and point to the generational tradeoffs made in government spending, according to Nobel laureate Paul Krugman. In a Substack post on Thursday, the economics professor at the City University of New York’s Graduate Center acknowledged that the high debt…