The Corner

FROM THE EMAIL-BAG (CONT.)

A reader:

Derb—According to a December 27th article in the London Times, England has made its last payments to the US and Canada on its World War II loans – $83,250,000 as the last payment to the US, and $22,700,000 as the last payment to Canada.  That only took 61 years.  I wonder how much interest we charged them, or if we let them pay it in 1945 dollars or took account of inflation, etc.

[Derb]  Don’t know, but can’t help being reminded of Calvin Coolidge’s response when he was criticized for refusal to “forget” America’s WW1 loans:  “They hired the money, didn’t they?”

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