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Why was it so much easier to cut debt in the immediate aftermath of the war?Inflation helped.
It is the just-in-case component of a portfolio: a hedge against war, inflation, deflation or some other social, political or economic upheaval.
Similarly, other major economic shocks, such as the US crises of 1893, 1907 and 1919, and the post-second world war inflation, were primarily monetary in causation and character.
Meanwhile, central banks are still vigorously fighting the last war, inflation.
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Post-war inflation helped shrink America's debt as a share of GDP by 35 percentage points (see article).
Construction of the famous museum on Fifth Avenue was delayed by post-war inflation until 1959, when the Guggenheim Museum New York finally opened - just a few days after Wright's death.
Currency and trade wars, inflation, euro zone debt defaults: gold investors have more than enough grist for their mills.
I have little doubt that we owe much of the post-war inflation to the.
As indicated by Piketty (2001), Piketty (2003) and Alvaredo and Piketty (2009), Kuznets stressed in his 1955 article the key role played by wars, inflation, recessions, and the rise of progressive taxation, though this is not the part of the explanation that most economists choose to remember.
In 1920, the Italian shipping company canceled its order for Ausonia because the post-war inflation in Germany substantially increased the price of the ship.
They are ordinary American citizens who worry about the economy, unemployment, home foreclosure, fighting two wars, inflation, rising gas prices, and now health care.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com