Our National Debt: Its History and Its Meaning TodayA 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. |
Contents
OUR NATIONAL DEBT AFTER GREAT WARS | 3 |
THE DEBT AND THE BUDGET | 39 |
THE DEBT AND THE BANKS | 55 |
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American amount average bank credit banking system beneficiaries billion dollars BILLIONS OF DOLLARS boom borrow budget burden cent COMMERCIAL PAPER Congress corporations cost of living debt management debt reduction debt retirement declined deflation demand deposits depression Diagram economic effect excess expanded expenditures families Federal Reserve Banks Federal Reserve System financing fiscal floating debt government bonds government securities gross national income higher huge increased industrial inflation institutions insurance companies INSURED COMMERCIAL BANKS interest earnings investment earnings investors issues June 30 less living costs living standards loans and investments long-term low interest rates maturity ment money supply mutual savings banks national debt national income needed oversaving payments peak PERCENT policyholders premiums production public debt purchasing power reduced revenue rise risk rose savers savings bonds short-term surplus tax reduction tion Treasury Treasury securities wartime World World War II