Don't Be Alarmed By Public Debt Declares Wall Street Writer
The article argues inflation threats differ from debt worries, noting U S deficits and war costs will grow but paying off debt is unnecessary. It compares U S debt dynamics to Germany's 1914 1923 hyperinflation, emphasizes long term confidence in monetary policy, and projects rising federal debt with defense spending and taxes.
MENTIONED IN THIS ARTICLE
Wall Street
Germany
United States
Conference Board
Washington
Berlin
Treasury
Defense
New Deal
New ‘York
Oetitional Industrial Conference
Ootrtry
Pri Iiscreese
Debt Expansion and National Income in 1921 and 1933
The text compares public and private long term debt growth to national income across two periods. It notes tax and spending patterns driving debt rise and seeks the relation between debt expansion and GDP-like income in 1921 and 1933 as reference lows.
Public Debt and National Income Comparison Note
The article discusses the productivity of public spending measured against national income, noting 1941 is omitted to avoid skewing 1922-1929 comparisons due to defense spending. It also mentions no equity financing accounted for in the period and introduces a continuation in PUBLIC DEBT on page TA.
MENTIONED IN THIS ARTICLE
HURO
Economic Trends in New Deal and Prewar Periods
The text compares realized national income and real income during 1934 1940 with 1922 1929. It provides figures for average annual gains over 1933, total national income in dollars, and adjusted real income. It notes a higher nominal income in the 1922 1940 period and lower average living cost adjusted real income in the New Deal era. It also cites interest costs on the debt for 1922 1928.
Also Mentioned on This Page
Magazine of Wall Street
Lawrence Stern
Secretary of the Treasury
Nation
Hitler
U. S
Reichstag
Kroll Opers
Singapore
Britain
Ellis Pharmacy and Employees
Jack's Market
W. Desire
Naeves’ Food Store
Hugo
Vaetatie
Cataios
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