Hamilton's Blessing: The Extraordinary Life and Times of Our National DebtPenguin Books, 1998 - 220 psl. Measured at the staggering amount of $5.1 trillion (and growing every day) the national debt is unfathomable to most Americans. What we may not realize is that the United States was born out of debt. After the Revolution, the brilliant Alexander Hamilton was less interested in paying down the Revolutionary war debt than in using it to create a vibrant national economy. If it is not excessive, he declared, a national debt will be to us a national blessing.In a fascinating narrative brimming with colorful characters, historical accidents, and American ingenuity, business historian John Steele Gordon leads us on a tour of an American institution whose largely unknown story has been integrally entwined with our country's destiny. At key points in U.S. history, Gordon shows how the national debt has been a potent instrument of fiscal policy in keeping the world safe for democracy.But how much debt is too much? At a time when we despair of balancing even a single year's budget, Hamilton's Blessing provides much needed perspective -- and hope. |
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... BRITISH JOURNALIST , searching for a way to bring home to his readers the size of his country's national debt , seized upon an image that has a distinctly modern ring to it . The debt , he wrote , is of a sum which the human mind can ...
... BRITISH JOURNALIST , searching for a way to bring home to his readers the size of his country's national debt , seized upon an image that has a distinctly modern ring to it . The debt , he wrote , is of a sum which the human mind can ...
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... British national debt had stood at only £ 16.7 million . By 1720 it had risen to £ 50 million . In 1748 it reached £ 76 million ; in 1763 , £ 131 million . The expenses of the American Revolution then increased it to £ 245 million by ...
... British national debt had stood at only £ 16.7 million . By 1720 it had risen to £ 50 million . In 1748 it reached £ 76 million ; in 1763 , £ 131 million . The expenses of the American Revolution then increased it to £ 245 million by ...
3 psl.
... British Empire . The British economy grew strongly during this period as well , with national income more than doubling ( although , to be sure , the distribution of that income remained highly skewed toward the upper classes ) . By ...
... British Empire . The British economy grew strongly during this period as well , with national income more than doubling ( although , to be sure , the distribution of that income remained highly skewed toward the upper classes ) . By ...
Turinys
The Hamiltonian Miracle | 11 |
Andrew Jackson Redeems the Debt | 42 |
Armageddon and the National Debt | 67 |
Autorių teisės | |
Nerodoma skirsnių: 4
Kiti leidimai - Peržiūrėti viską
Hamilton's Blessing The Extraordinary Life and Times of Our National Debt John Steele Gordon Peržiūra negalima - 1997 |
Pagrindiniai terminai ir frazės
Adam Smith Alexander Hamilton American economy amount Andrew Jackson Andrew Mellon became began bill bonds borrow British budget deficit capital central bank century Civil Congress Constitution corporate country's course decade deductions Democratic depression dollar economic economists elected fact federal government Federal Reserve federal spending flat tax Founding Fathers Franklin Roosevelt fund Girard Hamilton impoundment income tax increased inflation interest issue J. P. Morgan Jackson Jay Cooke Jefferson Keynes Keynesian Keynesian economic line-item veto loan Madison Effect major Mellon ment million national debt nearly nomic outlays paid percent percentage personal income tax political politicians president programs prosperity quickly raise Republican result rich Roosevelt Senate sharply Social Security soon speculation surplus Taft tariff tax code tax rate tax revenues tax system taxation tion Treasury U.S. government United veto voted Wall Street Washington Watergate scandal White House write to Penguin wrote York