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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82 psl.
... Civil War there had been little advocacy of an income tax in this country , at least at the federal level , although by the war six states had implemented such taxes for their own revenue purposes . But once a federal income tax was in ...
... Civil War there had been little advocacy of an income tax in this country , at least at the federal level , although by the war six states had implemented such taxes for their own revenue purposes . But once a federal income tax was in ...
90 psl.
... Civil THE War low in 1893 , at $ 961.432 million . The depres- sion of the mid - 1890s then pushed it back up to over $ 1 billion , and it stabilized there for the next twenty years as the federal government began pursuing a more ...
... Civil THE War low in 1893 , at $ 961.432 million . The depres- sion of the mid - 1890s then pushed it back up to over $ 1 billion , and it stabilized there for the next twenty years as the federal government began pursuing a more ...
91 psl.
... Civil War , and it was only a deep if temporary split in the GOP that finally allowed the modern tax system to come into being . The motiva- tion behind the new system was fairness , but because of the law of unintended consequences ...
... Civil War , and it was only a deep if temporary split in the GOP that finally allowed the modern tax system to come into being . The motiva- tion behind the new system was fairness , but because of the law of unintended consequences ...
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