It took a pretty massive inflation to keep Debt/GDP running flat. The mountain shown here, from the mid-1960s to the early 1980s, that's what did it.
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| Graph #1: GDP Deflator, rate of change |
Sunday, June 24, 2012
A pretty massive inflation
Following up on the two previous posts...
It took a pretty massive inflation to keep Debt/GDP running flat. The mountain shown here, from the mid-1960s to the early 1980s, that's what did it.
It took a pretty massive inflation to keep Debt/GDP running flat. The mountain shown here, from the mid-1960s to the early 1980s, that's what did it.
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What cost $100 in 1962, in 1982 cost $290.69 by the Deflator. By the CPI, $319.08.
That's the inflation it took to keep nominal debt/GDP sort of stable.
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