Government debt is back in the headlines. From Britain’s stretched finances to France’s budget battles and America’s ballooning deficits, the numbers look grim. In this episode, we dig into why debt has piled up in advanced economies, how today’s challenges differ from those in emerging markets, and why the old post-war model of borrowing has broken down. We’ll look at the limited — and often unpalatable — policy options left on the table, and what it means when markets, not governments, incr...