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Hamilton's Blessing, With New Afterword

Hamilton's Blessing, With New Afterword - 98 edition

ISBN13: 978-0140270150

Cover of Hamilton
ISBN13: 978-0140270150
ISBN10: 0140270159
Cover type:
Edition/Copyright: 98
Publisher: Penguin Books, Inc.
Published: 1998
International: No

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Hamilton's Blessing, With New Afterword - 98 edition

ISBN13: 978-0140270150

John S. Gordon

ISBN13: 978-0140270150
ISBN10: 0140270159
Cover type:
Edition/Copyright: 98
Publisher: Penguin Books, Inc.

Published: 1998
International: No
Summary

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.

Author Bio

Gordon, John Steele :

John Steele Gordon is the author of The Scarlet Woman of Wall Street. He writes regularly on business issues and lives in North Salem, New York.

Table of Contents

Acknowledgments
Introduction


1. The Hamiltonian Miracle
2. Andrew Jackson Redeems the Debt
3. Armageddon and the National Debt
4. The Twilight of the Old Consensus
5. Keynesian and the Madison Effect
6. The Debt Explodes


Conclusion
Afterword
Appendix: The Statistics
Bibliography
Index


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