How Our National Debt May be a National Blessing PDF Download

Author: Samuel Wilkeson
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 20

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Author: John Steele Gordon
Publisher: Bloomsbury Publishing USA
ISBN: 0802717993
Category : History
Languages : en
Pages : 238

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"Reprint. Originally published in 1997."--T.p. verso.

Author: Samuel Wilkeson
Publisher: Palala Press
ISBN: 9781356011322
Category :
Languages : en
Pages : 22

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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author: Samuel Wilkeson
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 20

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Author: Samuel Wilkeson
Publisher: Forgotten Books
ISBN: 9781333629205
Category : Business & Economics
Languages : en
Pages : 24

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Excerpt from How Our National Debt May Be a National Blessing: The Debt Is Public Wealth, Political Union, Protection of Industry, Secure Basis for National Currency, the Orphans' and Widows' Savings Fund The Englishman's in consols are mortgages, ' each and all, upon every nobleman's estate, and every spinning jenny in Great Britain - upon every coal-mine and every ship - a mortgage of record upon every mug of beer held in the fist of a workingman throughout the Kingdom - a mortgage signed, sealed, acknowledged and delivered on the Whole life, aye, on the death and burial of the people of all England. It is the nationality of this promise to pay, backed up by the most vigilant, distrustful and thorough system of taxation, for the enforcement of which the whole power of the Government, military and civil, is pledged, that makes British consols the equivalent, practically, of British guineas - that makes the four thousand millions of British debt an addition of four thousand millions of money to the capital the Kingdom otherwise possessed at the' beginning of this century. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author: Simon Johnson
Publisher: Vintage
ISBN: 0307907120
Category : Business & Economics
Languages : en
Pages : 369

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America is mired in debt—more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same. In White House Burning, Simon Johnson and James Kwak—authors of the national best seller 13 Bankers and cofounders of The Baseline Scenario, a widely cited blog on economics and public policy—demystify the national debt, explaining whence it came and, even more important, what it means to you and to future generations. They tell the story of the Founding Fathers’ divisive struggles over taxes and spending. They chart the rise of the almighty dollar, which makes it easy for the United States to borrow money. They account for the debasement of our political system in the 1980s and 1990s, which produced today’s dysfunctional and impotent Congress. And they show how, if we persist on our current course, the national debt will harm ordinary Americans by reducing the number of jobs, lowering living standards, increasing inequality, and forcing a sudden and drastic reduction in the government services we now take for granted. But Johnson and Kwak also provide a clear and compelling vision for how our debt crisis can be solved while strengthening our economy and preserving the essential functions of government. They debunk the myth that such crucial programs as Social Security and Medicare must be slashed to the bone. White House Burning looks squarely at the burgeoning national debt and proposes to defuse its threat to our well-being without forcing struggling middle-class families and the elderly into poverty. Carefully researched and informed by the same compelling storytelling and lucid analysis as 13 Bankers, White House Burning is an invaluable guide to the central political and economic issue of our time. It is certain to provoke vigorous debate.

Author: Henry Clifford Murphy
Publisher:
ISBN: 9781258269838
Category :
Languages : en
Pages : 304

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Author: William Elder
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 24

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Author: Robert E. Wright
Publisher: McGraw Hill Professional
ISBN: 0071543945
Category : Business & Economics
Languages : en
Pages : 433

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Like its current citizens, the United States was born in debt-a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right. One Nation Under Debt explores the untold history of America's first national debt, which arose from the immense sums needed to conduct the American Revolution. Noted economic historian Robert Wright, Ph.D. tells in riveting narrative how a subjugated but enlightened people cast off a great tyrant-“but their liberty, won with promises as well as with the blood of patriots, came at a high price.” He brings to life the key events that shaped the U.S. financial system and explains how the actions of our forefathers laid the groundwork for the debt we still carry today. As an economically tenuous nation by Revolution's end, America's people struggled to get on their feet. Wright outlines how the formation of a new government originally reduced the nation's debt-but, as debt was critical to this government's survival, it resurfaced, to be beaten back once more. Wright then reveals how political leaders began accumulating massive new debts to ensure their popularity, setting the financial stage for decades to come. Wright traces critical evolutionary developments-from Alexander Hamilton's creation of the nation's first modern capital market, to the use of national bonds to further financial goals, to the drafting of state constitutions that created non-predatory governments. He shows how, by the end of Andrew Jackson's administration, America's financial system was contributing to national growth while at the same time new national and state debts were amassing, sealing the fate for future generations.

Author: Samuel P. Townsend
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 47

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