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Author
Language
English
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Description
The euro crisis, Japan's sluggish economy, and partisan disagreements in the United States about the role of government all have at least one thing in common: worries about high levels of public debt. Nearly everyone agrees that public debt in many advanced economies is too high to be sustainable and must be addressed. There is little agreement, however, about when and how that addressing should be done—or even, in many cases, just how
...Author
Publisher
Wiley
Language
English
Formats
Description
"An exhaustive look at world markets and why the economy has been so unpredictable Greece isn't the only country drowning in debt. The Debt Supercycle?when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis?is affecting developed countries around the world, including the United States. For these countries, there are only two options, and neither is good?restructure the debt or reduce it through austerity...
Author
Pub. Date
2020.
Language
English
Description
"Any ambitious proposal - ranging from fixing crumbling infrastructure to Medicare for all or preventing the coming climate apocalypse - inevitably sparks questions: how can we afford it? How can we pay for it? Stephanie Kelton points out how misguided those questions really are by using the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximize our potential as a society. We've been thinking...
Author
Language
English
Description
In a sweeping narrative about the people and the politics behind the budget, Wessel looks at the 2011 fiscal year (which ended September 30) to see where all the money was actually spent, and why the budget process has grown wildly out of control.
In a narrative about the people and politics behind the federal budget, Wall Street Journal economics editor David Wessel, author of the New York TImes bestseller In Fed We Trust, looks at where the money...
Author
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English
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Description
This is a challenge to conventional thinking around money and the 'debt crisis'. By re-evaluating the source of money, Mary Mellor presents a radical alternative to austerity and privatisation: public wealth, or, money used for sustainability, sufficiency and social justice.
Debt or Democracy debunks the received lessons of the financial crisis of 2007. Political elites shout about a house whose finances are in disarray; a 'yawning deficit'...
Author
Publisher
Oxford University Press
Language
English
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Description
"Scholars writing about how the federal government should respond to state and local fiscal stress fall into roughly two camps. One group argues that federal bailouts create excessive moral hazard. Another group argues that federal aid is instead a necessary form of macroeconomic stimulus given the pro-cyclical nature of state budgets. While this debate is important, it is incomplete. This chapter will show that there is another consideration that...
Author
Publisher
Columbia University Press
Language
English
Formats
Description
"The image of profit-seeking banks continually evaluating the creditworthiness of the states to whom they lend capital is a familiar one, frequently assumed to be as true now as it was three hundred years ago. Against this view, Sovereigns and the Masters of Capital argues that this description only corresponds to the last forty years, at best. The systematic assessment of sovereign borrowers with quantifiable data by exclusively profit-driven banks...
Author
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English
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Description
"Money for Nothing chronicles the moment when the needs of war, discoveries of natural philosophy, and ambitions of investors collided. It's about how the Scientific Revolution intertwined with finance to set England--and the world--off in an entirely new direction. At the dawn of the eighteenth century, England was running out of money due to a prolonged war with France. Parliament tried raising additional funds by selling debt to its citizens, taking...
Author
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English
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Description
Given the far-reaching impact of both the 2008 financial crash and postcrash austerity policies on so many people's lives, there exists a need for a succinct, straightforward guide to the situation's causes and its long-term significance. The Global Financial Crisis and Austerity fulfills that need. Written by an expert in political science, this book spans the fields of finance, economics, and politics to demystify the sometimes arcane world of global...
Author
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English
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Description
Beck makes the case that when you're traveling in the wrong direction, slight course corrections won't cut it. He exposes the idea of "transformation" for the progressive smokescreen that it is, while maintaining that a return to individual rights, an uncompromising adherence to the Constitution, and a complete rethinking about the role of government in a free society is the only way forward.
Author
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English
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Description
When President James Monroe announced in his 1824 message to Congress that the [nation's] large public debt, [accumulated since the Revolution], would be extinguished on January 1, 1835, Congress crafted legislation to transform that prediction into reality. Yet John Quincy Adams, Monroe's successor, seemed not to share the commitment to debt freedom, resulting in the rise of opposition to his administration and his defeat for reelection in the bitter...
Author
Language
English
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Description
What, exactly, is the National Debt-and to whom do we owe the money-two trillion dollars’ worth? That's a pile of one thousand dollar bills 134 miles high, and climbing. Just paying the interest costs is equivalent to the entire federal income tax collected west of the Mississippi.
How did we get into such a fix? This book explains why the government, politicians of both parties, and all the rest of us have delayed putting our house in order; how...
18) Founding finance: how debt, speculation, foreclosures, protests, and crackdowns made us a nation
Author
Series
Discovering America volume 5
Publisher
University of Texas Press
Pub. Date
2012
Language
English
Formats
Description
The author of The Whiskey Rebellion "dig[s] beneath history's surface and note[s] both the populist and anti-populist dimensions of the nation's founding" (Library Journal).
Recent movements such as the Tea Party and anti-tax "constitutional conservatism" lay claim to the finance and taxation ideas of America's founders, but how much do we really know about the dramatic clashes over finance and economics that marked the founding...
Recent movements such as the Tea Party and anti-tax "constitutional conservatism" lay claim to the finance and taxation ideas of America's founders, but how much do we really know about the dramatic clashes over finance and economics that marked the founding...
Author
Language
English
Formats
Description
"Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United States and many European nations struggle with mountains of debt, historical precedents can offer valuable insights. Lending to the Borrower from Hell looks at one famous case--the debts and defaults of Philip II of Spain. Ruling over one of the largest and most powerful empires in history, King Philip defaulted...
Author
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English
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Description
In a bracing work of history, a leading international finance expert reveals how our national security depends on our financial security
More than two centuries ago, America's first secretary of the treasury, Alexander Hamilton, identified the Revolutionary War debt as a threat to the nation's creditworthiness and its very existence. In response, he established financial principles for securing the country-principles that endure to this day. In...