The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: koan who wrote (25125)	6/11/2011 2:41:56 PM
From: pstuartb	13 Recommendations Read Replies (4) of 119360

So how do you explain our ability to pay off the massive debt the private sector had in the 30/40's and the gigantic debt we built up during WWII? By the end of 1945, the rest of the planet was a pile of rubble and we manufactured just about everything in the world for a decade or two. Plus, the debt was almost all internal, not like the huge debts we owe to other governments now. We also had almost no social security burden and no medicaid or medicare expenditures. We had an extremely active manufacturing base with no competition and high taxes. We also inflated our money supply and paid it off with inflated dollars. Among other things.

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