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Debunking debts and deficits

April 19th, 2013 · No Comments

the UK debt the rose after the First World War, from 129pc to 158pc by the end of the 1920s, because the government pursued an extreme austerity and deflation strategy to restore Britain to the Gold Standard at pre-war parity. It was self-defeating on its own terms.

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Tags: Public sector deficits and debts