"The commonwealth was not yet lost in Tiberius's days, but it was already doomed and Rome knew it. The fundamental trouble could not be cured. In Italy, labor could not support life..." - Vladimir Simkhovitch, "Rome's Fall Reconsidered"
Friday, January 27, 2023
Private debt must be reduced. The federal debt will follow.
1 comment:
The older data (blue, Private/Public) is from the Bicentennial Edition of the Historical Statistics, Series X 393-409. The file is a one-page PDF.
The newer data (red, Nonfederal/Federal) uses the TCMDO and FGTCMDODNS datasets from FRED. Here is the link to the graph (and data) at the FRED site.
Feel free to share the above image.
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