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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71 psl.
... important ways responsible for the great growth in world trade in the nineteenth century , by allowing traders to calculate future costs and profits with certainty . The great disadvantage , of course , is that no country on the gold ...
... important ways responsible for the great growth in world trade in the nineteenth century , by allowing traders to calculate future costs and profits with certainty . The great disadvantage , of course , is that no country on the gold ...
184 psl.
... important numbers an accountant produces , yet the term was not coined until 1954 . But as the distance between the owners of the rail- roads - the stockholders - and the managers who ran them ( and kept the books ) increased steadily ...
... important numbers an accountant produces , yet the term was not coined until 1954 . But as the distance between the owners of the rail- roads - the stockholders - and the managers who ran them ( and kept the books ) increased steadily ...
185 psl.
... important such reports could be in evaluating securities . Henry Clews , a very in- fluential broker in the post - Civil War era , led the push for both regular reports and , equally important , independent accountants to certify them ...
... important such reports could be in evaluating securities . Henry Clews , a very in- fluential broker in the post - Civil War era , led the push for both regular reports and , equally important , independent accountants to certify them ...
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