ACFM Microdose: Making Sense of Sovereign Deb...

The far right holds power in the US, inflaming tension along racial lines. ICE agents terrorise the streets, while Black history is erased from school curricula. In the UK too, Nigel Farage’s far right party Reform is on the ascendancy, riding a tide of anti-immigrant sentiment t ...  Show more

AI progress isn’t slowing down. The bubble doesn’t seem to be popping. And who in power actually cares about the environmental impacts anyway? All that is to say: AI is here to stay. And what will be its fruits? Greater control of workers or even their brutal repression, some say ...  Show more

Ghana was once considered a success story and a model for African development. But after suffering several economic shocks, the west African country is now struggling to pay off its debts. The FT’s west Africa correspondent Aanu Adeoye and Africa editor David Pilling explain h ...

Most economic textbooks will tell you that there can be real dangers in running up a big national debt. A major concern is how the debt you add now could slow down economic growth in the future. Economists have not been able to nail down how much debt a country can safely take on ...  Show more

There's an economic fantasy you sometimes hear in D.C. It often gets trotted out when politicians are trying to add billions or trillions to the national debt. They claim that all the new spending will be worth it in the end because we will supercharge economic growth. This fanta ...  Show more

Jamaica’s economy struggled for decades, and at one point it had amassed debts worth more than 140 per cent of GDP. Even the IMF wouldn’t return its calls. But somehow, in the 2010s, it managed to halve its government debt – over just seven years. Today on the show, we ask how ...