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|User Info||The Truth About Budgets, For Both Left and Right; entered at 2011-07-20 19:51:38|
Registered: 2010-11-01 NC
There is this chart, from Morgan Stanley that I got somewhere and saved. According to that, we didn't reach the peak of 300% debt to GDP until around 1933 or so, the bottom of the Depression. I don't whether that final rise from 200% to 300% was due to more debt still being taken on, or just GDP collapsing before the debt start being destroyed.
Excellent assumption, Publius. You are right. GDP fell by almost half between 1929 and 1933. Here are figures in $billions.
Above is a table of GDP info. The first number is the year, the second column is the GDP reported, the third number is public debt (no info available here for total debt) and represents "actual reported data".
I love this site, it lets you play around with all kinds of charts and figures. They have data going back to 1792. I'm not sure exactly where it all comes from but some comes from US Census reports that date back to the 1790's.
Last modified: 2011-07-20 20:21:07 by bigbluffer