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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The old failure to merge the corporate and personal income taxes , of course , only compounded this problem . And although the prospering economy led to increased tax revenue , it did not lead to debt reduction .
The new Budget Control Act created the Congressional Budget Office , which gave Congress much the same expertise as the president enjoyed from the Office of Management and Budget and , of course , duplicated most of its work .
Andrew Jackson and the Course of American Empire , 17671821. ( Vol . 1. ) New York : Harper and Row , 1977 . Andrew Jackson and the Course of American Freedom , 1822 1832. ( Vol . 2. ) New York : Harper and Row , 1981 .
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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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