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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75 psl.
... means . Obviously the old tax system that had relied on the tariff for revenue would not suffice . The first timid steps toward a new tax system were taken as early as August 1861 , and in 1862 the Bureau of Internal Revenue was ...
... means . Obviously the old tax system that had relied on the tariff for revenue would not suffice . The first timid steps toward a new tax system were taken as early as August 1861 , and in 1862 the Bureau of Internal Revenue was ...
99 psl.
... means of taxing the incomes of the rich . Once the Six- teenth Amendment made it possible to do that directly , the need for the separate corporate tax vanished . This could have been done , simply enough , by treating the earnings of a ...
... means of taxing the incomes of the rich . Once the Six- teenth Amendment made it possible to do that directly , the need for the separate corporate tax vanished . This could have been done , simply enough , by treating the earnings of a ...
122 psl.
... means or another . Any government , like any family , can , for a year , spend a little more than it earns . But you know and I know that a continuation of that habit means the poor- house . " No sooner was he in office himself ...
... means or another . Any government , like any family , can , for a year , spend a little more than it earns . But you know and I know that a continuation of that habit means the poor- house . " No sooner was he in office himself ...
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