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It seems to me that leaders who reduce public debt become unpopular, while those who increase it become popular. Reduction of UK public debt by Thatcher (visib
by ftrobro 4y ago
It seems to me that leaders who reduce public debt become unpopular, while those who increase it become popular.
Reduction of UK public debt by Thatcher (visible in the second half of the eighties):
https://ercouncil.org/wp-content/uploads/2017/08/ercchart1714.gif https://ercouncil.org/wp-content/uploads/2017/08/ercchart171...
Increase of US public debt throughout the eighties by Reagan:
https://zfacts.com/wp-content/uploads/2019/07/US-National-Debt-GDP-graph.png https://zfacts.com/wp-content/uploads/2019/07/US-National-De...
- b800h 4y agoAs much as I recognise the good that Mrs. Thatcher did for the UK, I think a lot of the public debt reduction was down to North Sea oil.
- osigurdson 4y agoPublic debt is classic tragedy of the commons. The only way to solve it is to make citizens directly responsible for it.