The National Debt and Our Grandchildren: Should We Worry?
eBook - ePub

The National Debt and Our Grandchildren: Should We Worry?

  1. 182 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

The National Debt and Our Grandchildren: Should We Worry?

About this book

Throughout our history Americans have embraced the myth that our national debt is immoral and destructive.

This deeply rooted belief goes back to our Founding Fathers: Jefferson excoriated debt as "the greatest of dangers to be feared." Andrew Jackson demonized debt as "a national curse." Current political leaders continue to endorse this negative view of our national debt. Obama said that incurring debt was "irresponsible" and "unpatriotic." John McCain condemned it as "generational theft."

In this book, the prize-winning economics professor Arthur Benavie, demonstrates in clear and non-technical language that belief in this myth has repeatedly blocked our federal government from creating jobs and investing in our children's future.

Benavie describes the many occasions, including from the administrations of FDR to Obama, where our leaders were faced with severe political retribution at the mere suggestion that their policies would increase the national debt.

Belief in this myth presents a continuing danger to the wellbeing of our children and grandchildren. Benavie examines several ways to disempower it.

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Yes, you can access The National Debt and Our Grandchildren: Should We Worry? by Arthur Benavie in PDF and/or ePUB format, as well as other popular books in Economics & Economic Policy. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Austin Macauley Publishers
Year
2023
eBook ISBN
9781685622923
Topic
Economics
Subtopic
Economic Policy
Index
Economics

Table of contents

  1. The National Debt and Our Grandchildren: Should We Worry?
  2. About the Author
  3. Dedication
  4. Copyright Information ©
  5. Acknowledgment
  6. Introduction
  7. Part 1: The National Debt, Jobs, and Our Future
  8. 1. The Keynesian Revolution
  9. 2. Roosevelt, Keynes, and the Great Depression
  10. 3. Achieving Full Employment
  11. 4. Obama (2009–2017) and the Great Recession
  12. 5. Deficits, Jobs, and Inflation
  13. 6. Eisenhower (1953–1961)
  14. 7. John F. Kennedy (1961–1963)
  15. 8. Jimmy Carter (1977–1981)
  16. 9. Ronald Reagan (1981–1989)
  17. 10. George H.W. Bush (1989–1993)
  18. 11. Bill Clinton (1993–2001)
  19. 12. Public Investment
  20. 13. Donald Trump’s Deficits
  21. Part 2: The National Debt: A Brief History
  22. 14. The Age of Jefferson-Jackson
  23. 15. The Civil War to The New Deal
  24. Part 3: Deficit Myths: What’s True, What’s False
  25. Myth 1: We Have to Pay off the National Debt
  26. Myth 2: Deficits Could Bankrupt Our Government
  27. Myth 3: Deficits Cause Inflation
  28. Myth 4: Deficits Increase Interest Rates
  29. Myth 5: Deficits Crowd Out Private Investment
  30. Myth 6: Deficits Cause Trade Deficits Which Are a Loss to The Nation
  31. Myth 7: We Need a Balanced-Budget Amendment to the Constitution
  32. Part 4: Summary and Final Comments
  33. 16. Summary
  34. 17. Final Comments
  35. Biden’s Ambitious Agenda
  36. Appendix