[blam]

Default Or Hyperinflation: The US’s Only Two Options

[ProtectOurFreedom]

Great article. I'm reading "The Forgotten Man" by Amity Schlaes and this meshes very nicely with her thesis. Unfortunately, in her book, this type of concise economic analysis is missing, so this article is a great supplement to her book.

Here's the table with proper html formatting:

Bureau of Economic Analysis National Income and Product Accounts Table

Table 1.1.6A. Real Gross Domestic Product, Chained (1937) Dollars [Billions of chained (1937) dollars]
	1929	1930	1931	1932	1933	1934	1935	1936	1937	1938	1939
Gross domestic product	87.3	79.8	74.6	64.9	64.0	71.0	77.3	87.4	91.9	88.7	95.9
Personal consumption expenditures	63.1	59.7	57.8	52.6	51.5	55.1	58.5	64.5	66.8	65.8	69.4
Gross private domestic investment	12.2	8.1	5.1	1.5	2.3	4.1	7.6	9.7	12.2	8.0	10.3
Net exports of goods and services	0.8	0.4	0.2	0.0	-0.1	0.2	-0.5	-0.3	0.1	0.9	1.0
Government consumption expenditures and gross investment	9.2	10.2	10.6	10.2	9.9	11.1	11.5	13.4	12.8	13.8	15.0