Bonded Payoff

"A very important thing is going to happen [to the U.S. economy] beginning about 1952. Nothing comparable to it has ever happened in the history of the U.S."

This big event, Harvard Economist Sumner H. Slichter told the Magazine Advertising Bureau in Manhattan last week, will begin when World War II's bonds fall due and are paid off. The bonds will create billions of new purchasing power. In 1952 alone, almost $4 billion will be paid off, in the following year just short of $5.6 billion, in 1954 a peak of $6.3 billion,...

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