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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Rezultatai 1–3 iš 41
149 psl.
... House was occupied by a weak president , such as Ulysses S. Grant or George Bush , Congress has tended to steadily ... House . * After the Civil War , both houses of Congress estab- lished appropriations committees to handle spending ...
... House was occupied by a weak president , such as Ulysses S. Grant or George Bush , Congress has tended to steadily ... House . * After the Civil War , both houses of Congress estab- lished appropriations committees to handle spending ...
159 psl.
... House in 1975 , in the wake of the Watergate scandal ( the Democrats gained no fewer than forty - five seats in the 1974 election ) , were , on average , young , liberal , and determined not to have to wait years to achieve real power ...
... House in 1975 , in the wake of the Watergate scandal ( the Democrats gained no fewer than forty - five seats in the 1974 election ) , were , on average , young , liberal , and determined not to have to wait years to achieve real power ...
171 psl.
... House of Representatives for only four years . More , in this federal Republic of fifty semisovereign states , " all politics is local , " as former House Speaker Tip O'Neill frequently noted . And yet in 1994 not a single Republican ...
... House of Representatives for only four years . More , in this federal Republic of fifty semisovereign states , " all politics is local , " as former House Speaker Tip O'Neill frequently noted . And yet in 1994 not a single Republican ...
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