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Bloomberg Wall Street Week - May 26, 2023
Wall Street Week
The Importance of Adjusting for Inflation
We're not really investing in future growth by paying more, for example, on social security. We had slightly higher debt when John F. Kennedy took office than we did when we declared victory over Japan. But the debt had dwindled. It was less than half the share of GDP that had been at the end of World War II.
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