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European Tribune - Buying time [Part 2] : Marktvolk vs. Staatsvolk
The rapid increase of public debt, starting in the 1980s,

Whatever happened in the early modern period, this doesn't seem to be false.

OK, the source of the following chart is data from (cough) Reinhart and Rogoff, but these are time series sourced from the UN and World Bank and don't seem to be in any way suspect.

(From 1977 because the series for France is broken before that date).

Debt levels were clearly moderate in the 70s and rose considerably from the 80s on.

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Aug 23rd, 2014 at 10:04:36 AM EST
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