Why Do Governments Issue Bonds When They Don't Need To? - Richard Murphy

13th August 2024

Government bonds do not fund government spending any more than tax does. So why do governments keep issuing bonds when there is no obvious need for them to do so?.

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.