Lessons of history on public debt
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Lessons of history on public debt

Rome : Italy | Oct 11, 2012 at 4:31 AM PDT
Source: The Globe & Mail
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Currency The U.K. emerged from the First World War with public debt of 140 per cent of gross domestic product and prices more than double the prewar level. The government resolved both to return to the gold standard at the prewar parity, which it did in 1925, and to pay off the public debt, to preserve creditworthiness.... FULL ARTICLE AT The Globe & Mail
 
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