Hamilton's Blessing: The Extraordinary Life and Times of Our National Debt
Penguin 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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Hamilton knew perfectly well that every state wanted the capital , and that Jefferson and Madison especially wanted the capital located in the rural South , away from what they regarded as the commerce and corruption of the cities .
Debtors , principally farmers , wanted more , not less , paper money for its inflationary effects , while creditors ( often collectively known as Wall Street ) , naturally , wanted sound money . The latter eventually prevailed ...
son wanted to lower the personal exemption of the income tax , which would have brought more families under the tax . The House voted instead to raise the normal rate from 1 percent to 2 , affecting all the affluent equally , but still ...
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LibraryThing ReviewVartotojo apžvalga - browner56 - LibraryThing
Most of us only know Alexander Hamilton as the man whose face graces our ten dollar bills. Or, perhaps we know him as the unfortunate answer to the Jeopardy question: Who was on the wrong end of a ... Skaityti visą apžvalgą
HAMILTON'S BLESSING: The Extraordinary Life and Times of Our National DebtVartotojo apžvalga - Kirkus
American Heritage columnist Gordon (The Scarlet Woman of Wall Street, 1988) deserves credit for attempting a brief history of the national debt aimed at a wide audience, but the result is somewhat ... Skaityti visą apžvalgą
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