Our National Debt: Its History and Its Meaning Today
A revision of seven studies originally pub. separately by the committee in its National debt series. Our national debt after great wars.--The debt and the budget.--The debt and the banks.--The debt and interest rates.--The debt and our savings.--The debt and life insurance.--What to do about it.
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actually American amount annual average billion dollars bonds borrow budget build burden capital cent changes Civil commercial banks Committee Congress continued cost danger declined demand depends deposits Diagram early earnings economic effect encouraged excess expanded expenditures families Federal Reserve financing fiscal floating debt forces funds further future government securities greater held higher holdings huge important increased individuals industrial inflation inflationary influence institutions insurance companies interest interest rates investment investors issues keep less limited living loans long-term lower maturing means meet ment money supply national debt national income operations payments peak present President problem production profits public debt purchases question rates reason reduced retirement rise rose savings short-term shows spending steps Table tion Treasury trust United wartime World