puttster

Understanding Government Debt: The Treasury's Indispensable Role

Bad example saying the WWII debt did not lead to inflation. Inflation was Truman's biggest hurdle after the war. The tasks of restraining consumer spending while convincing labor and businesses to hold down wage and price increases became insurmountable for him. In 1945 and 1946 he tried to control the economy through price freezes. Despite those efforts, by August inflation was at 25% and the nation was near paralysis from a wave of strikes for higher wages.

I liked the article till I got to your statistician's trick of using a 20-year infalation average to make a point. Tricks like that impune the truth so now I don't know what to believe.