White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You

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National debt analysis through Founding Fathers' lens.

If you're grappling with the complexities of the American economy and the national debt, "White House Burning" could offer some perspective. It's not just numbers and policies; this book links historical insights with present-day implications. Understanding the intentions of the Founding Fathers regarding national finance might give you a fresh view on current fiscal debates—a must-read for those wanting to be informed citizens in economic discussions.

White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You

Regular price RM69.08 MYR
Unit price
per
ISBN: 9780307906960
Publisher: Pantheon
Date of Publication: 2012-04-03
Format: Hardcover
Related Collections: Business, History, Economics, Politics
Goodreads rating: 3.88
(rated by 298 readers)

Description

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
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National debt analysis through Founding Fathers' lens.

If you're grappling with the complexities of the American economy and the national debt, "White House Burning" could offer some perspective. It's not just numbers and policies; this book links historical insights with present-day implications. Understanding the intentions of the Founding Fathers regarding national finance might give you a fresh view on current fiscal debates—a must-read for those wanting to be informed citizens in economic discussions.