Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Lady Gaga, and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Tuesday, January 18, 2011

Debt After WW II

In comments, Steve wonders how public debt as a percentage of GDP was able to shrink in the post WW II years.  The answer is that GPD simply grew much faster than the public debt, during that time frame.


Then the Reagan admistration happened, and everything changed.



Draw your own conclusions.
.

4 comments:

Jerry Critter said...

Following Reagan, the only increase in separation between GDP and Debt is during the Clinton years. I guess that tells you a little bit about the difference between republicans and Democrats when it comes to handling the economy.

Jazzbumpa said...

Actually, Jerry, it tells you a lot.

Cheers,
JzB

nanute said...

Jazzbumpa,
And if you look at the deficit, you'll see an even greater difference between Dems and Republicans.

Jazzbumpa said...

nanute -

I have many posts highlighting the superiority of Dems over Reps, by almost any metric you can think of.

Here is an example.

Wander through my archives, and you'll find a lot more.

Cheers!
JzB