Freedom from National Debt
| Author | : | |
| Rating | : | 4.74 (697 Votes) |
| Asin | : | 1626520380 |
| Format Type | : | paperback |
| Number of Pages | : | 104 Pages |
| Publish Date | : | 2013-06-04 |
| Language | : | English |
DESCRIPTION:
Treasury. . Treasury, he was awarded the Alexander Hamilton Award, the Department's highest honor. In the 1990's, as Deputy Secretary of the U.S. About the AuthorFrank Newman has spent 30 years in banking and as the number two official of the U.S. He recently completed five years as Chairman and CEO of Shenzhen Development Bank, China, during that bank's successful turnaround. Previously, he served as Chairman and CEO of Bankers Trust, and as CFO of Bank of America and Wells Fargo
"Finally, common sense in economics!" according to Dr. Dennis M. Cullinane. Frank Newman, former Deputy Secretary of the Treasury and the first American to run a bank in China, has a truly global and macro understanding of how the world's economy works and he spells it all out here. It's refreshing to have somebody debunking these fatal views of national economies needing to act like they are on a family budget. In "Freedom from National Debt", Newman strikes a clarion call for a truly global view of finances and a different view of debt, but also a proactive gov. The Mountaineer said Clear and Candid. This is more than a good overview of the way Treasury bonds work. It's also a thought-provoking look at what they actually are, following a clear, logical argument.I came to this after the author's previous book, Six Myths. This is an excellent companion, but it's not necessary to have read the previous book. The aims are slightly different, with the former looking more at flows of money and inferences to be drawn from China. This current book focuses squarely on the question of what nati. which is not at all like most people think Amazon Customer This book explains how the sovereign money system of a nation such as the U.S. actually works, which is not at all like most people think. It exposes the sham or ignorance of those who are always screaming for a balanced budget, those who claim that our grandchildren are in debt to China, and those who think that the creator of the dollar must somehow go to China to get dollars. It explains how the Federal Reserve uses interest rates and the sale and purchase of bonds as tools to stabiliz
Frank Newman has spent 30 years in banking and as the number two official of the U.S. . He recently completed five years as Chairman and CEO of Shenzhen Development Bank, China, during that bank's successful turnaround. In the 1990's, as Deputy Secretary of the U.S. Previously, he served as Chairman and CEO of Bankers Trust, and as CFO of Bank of America and Wells Fargo. Treasury. Treasury, he was awarded the Alexander Hamilt
America is unjustly worried about ''national debt,'' believing it can no longer do the many things that mark it as a great nation. America has convinced itself that it can no longer afford, as a nation, to do many of the productive things that it has done so well over its history. This short book explains why such fears should not hold back America, and why even the expression ''national debt'' is neither meaningful nor appropriate for the United States.. That's a great shame, because America remains a nation of tremendous resources in every sense, and the underlying assumptions about U.S. America can never face the debt problems of nations like Greece, thanks to its fundamentally different financial system. government financial instruments are not correct. Discussions of national undertakings--including infrastructure repair, jobs programs, military modernization, and disease prevention--have all been stifled through fear of insolvency