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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53 psl.
... once again deter- minedly whittled away at the debt , running substantial surpluses during most of the next twenty years . By 1829 it had been reduced to less than $ 50 million . This rapid reduction , however , was greatly facilitated ...
... once again deter- minedly whittled away at the debt , running substantial surpluses during most of the next twenty years . By 1829 it had been reduced to less than $ 50 million . This rapid reduction , however , was greatly facilitated ...
84 psl.
... once the war was over and , indeed , rapidly reduced the Civil War debt . It was politically impossible to lower these taxes , so it was impossible to justify another federal law for revenue pur- poses . Instead , the argument to ...
... once the war was over and , indeed , rapidly reduced the Civil War debt . It was politically impossible to lower these taxes , so it was impossible to justify another federal law for revenue pur- poses . Instead , the argument to ...
179 psl.
... once more a major player in the budget game . To be sure , the amount of money that will be saved directly by the line - item veto is likely to be small . But the power it gives the president in his political bar- gaining with Congress ...
... once more a major player in the budget game . To be sure , the amount of money that will be saved directly by the line - item veto is likely to be small . But the power it gives the president in his political bar- gaining with Congress ...
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