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Despite recent shocks, the world economy remains a powerful growth machine. But can it last? We must prepare for the worst, argues Martin Wolf: strengthen the fundamentals and stop throwing money around. (It would help if the shocks stopped, too.) Read the column on #FTEdit 👉 ft.trib.al/oNEyaaS

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Speaking of good fiscal housekeeping, check out this #FTExplains video from @johnreedwrites.ft.com on the world's giant "debt monster".

14/10/26, 12:13 pm2 reposts4 likes

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But what is all that borrowed money being spent on — apart from paying the interest on all that borrowed money? Our friends over on @alphaville.ft.com trawled the ledgers of world governments so we don't have to, and the results are ... illuminating. Read the story on #FTEdit 👉 ft.trib.al/GGJkQWv

ft.trib.alHow governments spend moneyCharting the outline of civilisation