Debt: the Apocalypse won’t happen
September 15, 2025Collective hysteria about debt is dangerous. More perilous even than debt itself. It reflects a profound misunderstanding of the nature and scale of public debt. Is France sinking inexorably into a “debt swamp”? Will its €3.3 trillion in gross public debt drive it to the edge of the abyss? Is it condemned to drastic budget…
France: The Price of Inaction
June 2, 2025The debate over sovereign debt can no longer ignore this simple truth: that a debt is sustainable only in an economy capable of growing and modernizing. Nothing is more credible than a country that invests to avoid decline. Moreover, privileging the quality of spending rather than being eternally fixated on numerical targets makes it possible…
Substantial emptiness, radical tolerance
July 15, 2024This phrase from sociologist Ulrich Beck seems perfectly suited to what we are experiencing today. Extremes have become commonplace, even among those once considered reasonable, who now eagerly jump on the bandwagon of excesses. The “extreme center” itself has been extensively theorized. In a world where moderates are disappearing, democratic practice now systematically…