Hamilton's Blessing: The Extraordinary Life and Times of Our National Debt
Penguin 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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Hamilton was always to be , to some extent , a social outsider . Today we tend to think of the American Revolution as having brought " democracy to the thirteen colonies . In fact it brought no such thing . The eighteenth century was ...
Instead , the argument to utilize an income tax was basically an argument for social engineering , using taxes to affect the distribution of wealth , not to raise revenue . This is the third rationale for taxation , one that was ...
... 192 Smoot - Hawley tariff , 93 , 11718 Smuggling , 15 , 44-45 Social engineering , 8485 , 91 , 105 , 106 Social hierarchy , 21 Social safety net , 128 , 161 Social Security , 152 , 166 , 16768 Social Security taxes , 105 Social ...
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LibraryThing ReviewVartotojo apžvalga - browner56 - LibraryThing
Most of us only know Alexander Hamilton as the man whose face graces our ten dollar bills. Or, perhaps we know him as the unfortunate answer to the Jeopardy question: Who was on the wrong end of a ... Skaityti visą apžvalgą
HAMILTON'S BLESSING: The Extraordinary Life and Times of Our National DebtVartotojo apžvalga - Kirkus
American Heritage columnist Gordon (The Scarlet Woman of Wall Street, 1988) deserves credit for attempting a brief history of the national debt aimed at a wide audience, but the result is somewhat ... Skaityti visą apžvalgą
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