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Daily Archives: December 15, 2011

The Consequences of Public Debt


The original greenback, from whence the name comes

200 years later, they still haven't learned.

The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.

President John Adams, First Annual Address (1797)

 
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Posted by on December 15, 2011 in economic, Foreign Policy, Politics

 

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