Monday, July 13, 2009

Worried about government debt?

Then don't look at this.

It'll make you realise you should have been worrying much more all through the 1910s, 1920s, 1930s, 1940s, 1950s, 1960s, 1970s, 1980s and 1990s:

Thanks to Bill Mitchell for reminding me.

The source is the Treasury itself. I wrote about it at the time here, as it happens earning a Saturday morning phone call expressing the Opposition's displeasure.

STOP PRESS: The Parliamentary Library have just put out a paper on the topic.