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1 Which Old Bonds of the Internal Public Debt in the Form of Paper Www3 Tesouro Gov

1 Which Old Bonds of the Internal Public Debt in the Form of Paper Www3 Tesouro Gov

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post-world war two the US had run up a large debt in relation to the size of its economy but we weren't in any kind of economic trouble because of the debt we were growing rapidly and we reduced the debt as a percent of the economy very rapidly just not because we reduce the debt so much but because we crew the economy so debt per se until quite recently has not been a big economic concern there are good reasons for running up debt we had a really good reason in World War two we ran up a lot of death we could not have mounted the kind of military effort that we did without running up very substantial debt but the debt at the end of the war was not a big problem the economy was growing very rapidly and the debt in relation to the size of the economy came down rapidly because the economy was growing so fast and that went on for several decades so the US since world war two until about two or three years ago has not had very high debt level 2001 I think was the last the last surpl

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