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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14 psl.
... soon seriously in arrears , and some , notably New Jersey in 1785 , simply said no . The result was that the United States not only could not pay the interest on its debts , but could not even fund its current expenditures . As if this ...
... soon seriously in arrears , and some , notably New Jersey in 1785 , simply said no . The result was that the United States not only could not pay the interest on its debts , but could not even fund its current expenditures . As if this ...
51 psl.
... soon went insane , living in an institution for years , leaving Girard childless and unable to remarry . Girard's family had made their living from the sea for generations , and he himself went to sea as a cabin boy at the age of ...
... soon went insane , living in an institution for years , leaving Girard childless and unable to remarry . Girard's family had made their living from the sea for generations , and he himself went to sea as a cabin boy at the age of ...
95 psl.
... soon rumors circulated that he would be named associate justice of the Supreme Court by the newly elected president , Benjamin Harrison . But Taft , never naive , realized that this was only talk . “ My chances of going to the moon ...
... soon rumors circulated that he would be named associate justice of the Supreme Court by the newly elected president , Benjamin Harrison . But Taft , never naive , realized that this was only talk . “ My chances of going to the moon ...
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