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View Diary: UMASS Student debunks Harvard Economists Study (68 comments)

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  •  I am going from memory here but I actually lived (8+ / 0-)

    through the period and my recollection is that the economy soared right after World War II even the the debt to GDP ratio got over 125%.
    I think a careful analysis will show that what impacts the economy the most is not the size of the debt but the reason for incurring it.

    If we incur new debt now to stimulate an economy ruined by over borrowing to finace two stupid ego driven wars that will help the economy.

    If we do the opposite we will be right back in Hoovervile

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