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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137 psl.
... decade of the publi- cation of The General Theory , it was the overwhelmingly dominant school of economic thought ... decades of the nineteenth century , had been raised in the classical tradition , and many had actu- ally read Adam ...
... decade of the publi- cation of The General Theory , it was the overwhelmingly dominant school of economic thought ... decades of the nineteenth century , had been raised in the classical tradition , and many had actu- ally read Adam ...
146 psl.
... decade earlier . In fact , it was lower than it had been at any time since 1932 . Keynesians , of course , took credit for the strong eco- nomic growth in that decade and pointed to the falling ratio of debt to GNP as proof that debt ...
... decade earlier . In fact , it was lower than it had been at any time since 1932 . Keynesians , of course , took credit for the strong eco- nomic growth in that decade and pointed to the falling ratio of debt to GNP as proof that debt ...
162 psl.
... up his contract , and it would be in Buffalo over the rest of the decade that he would earn his lasting fame as a quarterback . By the time he retired , he had led the team to three division 1 6 2 HAMILTON'S BLESSING.
... up his contract , and it would be in Buffalo over the rest of the decade that he would earn his lasting fame as a quarterback . By the time he retired , he had led the team to three division 1 6 2 HAMILTON'S BLESSING.
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