eBook - ePub
Six Myths that Hold Back America
And What America Can Learn from the Growth of China's Economy
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
Six Myths that Hold Back America
And What America Can Learn from the Growth of China's Economy
About this book
Why is China booming while the American economy lags?
Despite a globally challenging economic environment, production in China has grown significantly every year, for the past twenty years. America's GDP, by contrast, fell during the serious recession of 2008-9, and is now struggling to achieve even tepid growth. Why should this be?
Over the last decade, economic thought and attitudes in the West have increasingly diverged from the underlying views in China, and significant contrasts have developed. Six Myths that Hold Back America analyzes key statements of accepted economic views in the U.S. to determine which have real basis in the U.S. financial system, and which are really just myths.
Refreshing, stimulating, independent thinking—Frank Newman draws upon a wealth of practical experience in the private and public sectors, including his time as CEO of major banks in the U.S. and China, and in his role as Deputy Secretary of the U.S. Treasury. This experience at home and abroad helps him dissect a series of common economic beliefs and develop conclusions that deeply challenge conventional assumptions about the American economy.
Despite a globally challenging economic environment, production in China has grown significantly every year, for the past twenty years. America's GDP, by contrast, fell during the serious recession of 2008-9, and is now struggling to achieve even tepid growth. Why should this be?
Over the last decade, economic thought and attitudes in the West have increasingly diverged from the underlying views in China, and significant contrasts have developed. Six Myths that Hold Back America analyzes key statements of accepted economic views in the U.S. to determine which have real basis in the U.S. financial system, and which are really just myths.
Refreshing, stimulating, independent thinking—Frank Newman draws upon a wealth of practical experience in the private and public sectors, including his time as CEO of major banks in the U.S. and China, and in his role as Deputy Secretary of the U.S. Treasury. This experience at home and abroad helps him dissect a series of common economic beliefs and develop conclusions that deeply challenge conventional assumptions about the American economy.
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Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Six Myths that Hold Back America by Frank N. Newman in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Title Page
- Copyright
- Contents
- Introduction
- Prologue
- Chapter 1: Myth #1 Asian nations are bankrolling the U.S.
- Chapter 2: Myth #2 Treasuries “crowd out” financing for the private sector
- Chapter 3: Myth #3 If everyone tries to save more, the nation will save more, and Investment, GDP, and employment will increase
- Chapter 4: Myth #4 If the deficit is reduced, then national Saving and Investment will increase
- Chapter 5: Myth #5 Deficits create great burdens of repayment and taxes for our children
- Chapter 6: Myth #6 If the U.S. does not get its fiscal deficit reduced soon, U.S. Treasuries will face the same problems as bonds of Greece and Ireland
- Chapter 7: Do American Earners Really Save So Little?
- Chapter 8: Economies Stuck in the Slow Lane
- Chapter 9: How the Economy of China Has Kept Growing, Unimpeded by the Myths
- Chapter 10: Summary and Key Policy Conclusions
- About the Author