An important theme of my remarks is that debt has become an
important means of pleasing and placating voters while avoiding democratic
accountability
Caption
This photograph shows a Dassault Rafale aircraft parked on the tarmac of the French Air and Space Force Luxeuil-Saint-Sauveur Airbase in Saint-Sauveur, France, on March 18, 2025. (Ludovic Marin/AFP via Getty Images)