Tuesday, March 29, 2011
Debt-per-Dollar rises all through World War I. It rises through the post-war transition, rises through the Roaring Twenties, rises through the onset of Depression, and rises until the Depression hits bottom in 1933.
Immediately after World War II, debt-per-dollar begins rising again. It rises all through the quarter-century of our post-war golden age. Excessive already by the 1970s, DPD kills off the golden age.
There are some hints of DPD decline in the Reagan years, the 1980s. Today we look back on those years as pretty good years.
There is a definite drop in DPD from 1990 to 1993. Immediately after that drop, we see a decade of growth comparable to the golden age.
Debt-per-dollar rises all through that golden decade. It rises high enough to quash the growth, and continues rising. And debt-per-dollar continues rising until the financial crisis of 2008.
The only way to fix our economy is to reduce debt-per-dollar.
Posted by The Arthurian at 4:00 AM