The public debt thoughts of Liang Qichao are very rich, and the public debt thought of this article is specially referred to his internal debt.

梁启超的公债思想极为丰富，本文所论述的公债思想特指他的内债思想。

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Interest rates are now near 40%, against 70% a year ago, easing management of the huge internal debt.

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One internal debt (trust fund debt) would be replaced with another internal debt (amounts due to the Federal Reserve).

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Only lower interest rates can lift the centre's huge burden of internal debt.

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