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At the semi-annual Monetary Policy Report hearing in Congress yesterday[March 1, 2011], Chairman of The Federal Reserve Ben Bernanke smiles like a kid that has just been caught with his hand in the cookie jar when Senator Mark Kirk gives him a history lesson on currencies and federal debt
Originally posted by Dance4Life
I was off on the Jackson comment. Came about 30 years after him.
Regardless, here is the US Debt to GDP Graph. Looks like the highest was in the 50's.
post-war boom with manufacturing of white goods and emergence of an affluent middle class drove it back down?