The UK ran up debt & deficits like they didn’t matter from 1914-45…& it cost them global reserve currency status & their empire…. US debt increases by $109B in 1 day.

One of the best quotes regarding economics & money IMO… pic.twitter.com/Pj4zqWlYXL — John Haar (@john_at_swan) July 2, 2024 During World War I and World War II, the UK indeed faced significant increases in its national debt. In 1914, the debt stood at £650 …

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