"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Worldwide Wartime Levels of Debt, Without World Wars
"How bad has the growth of debt become among the world’s major nations? So bad that Christine Lagarde, the managing director of the International Monetary Fund, a lender of last resort for distressed nations, has become extremely concerned about the level of debt overhang."
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