... Second, debt financing of wars shifts part of the cost of wars to fu-ture generations, who will have to pay off the government debt. This is argu-ably a fair distribution of the burden, for future ... 555stock, p. 5 56 financial intermediaries, p. 5 56 mutual fund, p. 558national saving (saving), p. 562 private saving, p. 562 public saving, p. 562 budget surplus, p. 562 budget deficit, p. 562 market ... 1990s.Source: U.S. Department of Treasury; U.S.Department of Commerce; and T. S. Berry,“Production and Population since 1789,”Bostwick Paper No. 6, Richmond, 1988.572 PART NINE THE REAL ECONOMY...