My Favorite Data

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Debt

Sectoral Debt

9 August 2010: Public v Private (4); Series begins here.
The post parses debt trends, showing relations to economic trends.

In overview, we have the Roaring '20s followed by a period of "crisis and adjustment" (from 1929 to 1945) during which time private debt declines relative to public. Then there is a period of healthy growth (1945 to 1973) followed by a time of troubles (1973 to the Paulson crisis). By this overview, we appear to be at present in the painful beginnings of a new "crisis and adjustment."

I made it up

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Friedman, M.

Milton Friedman's Graphs

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