Hacker News new | ask | show | jobs
by serf 1788 days ago
>it is invisible on this graph

I don't know why you got downvoted -- but there is a definitely a visible artifact on that chart between 1939 and 1946, it's just not all that huge compared to modern deficit spending.

1 comments

Right, but it should be huge, it was only significantly surpassed by the pandemic in 2020, which is a clue that these are unadjusted dollars, and so the graph lacks any explanatory power.