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SwagJerryRice  ·  4463 days ago  ·  link  ·    ·  parent  ·  post: Reinhart and Rogoff are not happy

I saw a very salient point in the comments--immediately following WWII, there was a public debt ratio of 105% of GDP, yet from 1945-1981 when we paid that debt down, we had 3.7% average GDP growth. Right now, our public debt ratio is in the mid-70s.