George Hall on the History of the U.S. National Debt and Government Financing
Macro Musings with David Beckworth
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The Importance of Institutional Memory in Financial History
In your paper, you know this trend, this increasing finance. And it continues even into the Vietnam War. They raise a lot of tax revenue to help pay for the Vietnam War and less on bonds. So it speaks to this institutional memory that people had. And they try to veer a course. This makes me wonder if there's going to be any lessons or memories from the current situation we're in moving forward.
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