Date of Original Version

2-2001

Type

Conference Proceeding

Abstract or Description

Who would have thought, at any time in the last seventy years, that the government would run continuous budget surpluses and undertake massive retirements of public debt? Not since a previous Pittsburgher, Andrew Mellon, ran the Treasury has there been a sustained effort to reduce the debt.

Comments

For presentation at the symposium: Is It Really Good Policy to Payoff the Publicly Held Treasury Debt? American Enterprise Institute, Washington February 23,2001

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