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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155 psl.
... Congress had appropriated . But in 1972 Congress passed the Federal Water Pollution Act , which Nixon ve- toed as too expensive . When Congress overrode the pres- ident's veto , however , Nixon then impounded the $ 6 billion that the ...
... Congress had appropriated . But in 1972 Congress passed the Federal Water Pollution Act , which Nixon ve- toed as too expensive . When Congress overrode the pres- ident's veto , however , Nixon then impounded the $ 6 billion that the ...
179 psl.
... Congress , and the transformation of politics into a lifelong profession , Congress became the engine of spending , not the brake . It is ironic , then , that the only logical brake today on the natural tendency of the modern Congress ...
... Congress , and the transformation of politics into a lifelong profession , Congress became the engine of spending , not the brake . It is ironic , then , that the only logical brake today on the natural tendency of the modern Congress ...
201 psl.
... Congress's sole power to make laws . The Supreme Court reversed that decision , but did so only on the grounds that the plaintiffs - several members of Congress - lacked standing to bring the case . A new case testing the law is now ...
... Congress's sole power to make laws . The Supreme Court reversed that decision , but did so only on the grounds that the plaintiffs - several members of Congress - lacked standing to bring the case . A new case testing the law is now ...
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