Book Concert for “A Political Economy Understanding of Public Debt”

On July 10, 2025, a book concert for *A Political Economy Understanding of Public Debt* was held.

This event examined the issue of public debt from a political economy perspective that goes beyond economic indicators, offering an in-depth look at the structural background behind rising national debt and its impact.

Professor Youngshin Kim emphasized that this is a recurring phenomenon driven by political incentives and information asymmetry, and presented the need for the legal institutionalization of fiscal rules, greater transparency in policymaking, and fiscal management based on the principles of a free market economy.

In the discussion session, former Daegu City Fiscal Inspection Team Head Daecheol Kim drew on his extensive on-the-ground policy experience to provide an in-depth analysis of complex issues such as the structure of intergenerational conflict surrounding public debt and the political drivers of tax expenditures. He also stressed that, as an institutional response to restrain repeated fiscal expansion and the accumulation of public debt, it is necessary to legally institutionalize fiscal rules and enhance transparency in policy decisions.

We sincerely thank everyone who participated.

Date and Time: Thursday, July 10, 2025, 2:00 PM

Venue: Yeollim Hall

Host: Center for Free Enterprise (CFE)

▶ Presentation

- Professor Youngshin Kim, Department of International Trade, Keimyung University

▶ Discussion

- Daecheol Kim, Former Head of the Daegu City Fiscal Inspection Team

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Original title: 『공공부채에 대한 정치경제학적 이해』 북콘서트

Author: Center for Free Enterprise (CFE)

Date: 2025-07-10

Source: https://www.cfe.org/bbs/bbsDetail.php?cid=event&pn=2&idx=27877