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A History of U.S. Debt Limits / George J. Hall, Thomas J. Sargent.
- Format:
- Book
- Author/Creator:
- Hall, George J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w21799.
- NBER working paper series no. w21799
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2015.
- Summary:
- Congress first imposed an aggregate debt limit in 1939 when it delegated decisions about designing US debt instruments to the Treasury. Before World War I, Congress designed each bond and specified a maximum amount of each bond that the Treasury could issue. It usually specified purposes for which proceeds could be spent. We construct and interpret a Federal debt limit before 1939.
- Notes:
- Print version record
- December 2015.
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