NPR Longs for the Prosperity of the 1830s

April 15, 2011

I’m not kidding. At the top of the hour intro to Morning Edition they told listeners that the United States paid off its debt in 1835 and was debt free. It then added “too bad it only lasted for a year.”

Most economists and analysts would evaluate the well-being of an economy and society by its per capita income, life expectancy, literacy rates and other such measures. NPR apparently uses the debt level of its government.

Comments

Support Cepr

APOYAR A CEPR

If you value CEPR's work, support us by making a financial contribution.

Si valora el trabajo de CEPR, apóyenos haciendo una contribución financiera.

Donate Apóyanos

Keep up with our latest news