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Good followup on the Blanchard speech. But even David seems to get the story slightly wrong 1/ nytimes.com/2019/01/10/opi…
He says that we paid off the WWII debt with higher revenues due to economic growth, not spending cuts or tax hikes 2/ 
But as I tried to explain, *we never paid off the debt at all*. Debt in 1970 was higher than it had been in the late 1940s -- but the economy was much bigger, so it became no big deal 3/ nytimes.com/2019/01/09/opi…
