Freedom from National Debt

Business & Finance, Business Reference, Government & Business, Economics, Economic Development
Cover of the book Freedom from National Debt by Frank N. Newman, Two Harbors Press
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Author: Frank N. Newman ISBN: 9781626520400
Publisher: Two Harbors Press Publication: May 2, 2013
Imprint: Two Harbors Press Language: English
Author: Frank N. Newman
ISBN: 9781626520400
Publisher: Two Harbors Press
Publication: May 2, 2013
Imprint: Two Harbors Press
Language: English
America is needlessly worried about “national debt,” believing it can no longer do the many things that mark it as a great nation. Discussions of national undertakings including infrastructure repair, jobs programs, and military modernization - have all been stifled through fear of insolvency. 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. That's a great shame, because America remains a nation of tremendous resources in every sense, and the underlying assumptions about U.S. government financial instruments are not correct.  America can never face the debt problems of nations like Greece, thanks to its fundamentally different financial system. This short book analyses the modern U.S. financial system in new ways, and 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.
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America is needlessly worried about “national debt,” believing it can no longer do the many things that mark it as a great nation. Discussions of national undertakings including infrastructure repair, jobs programs, and military modernization - have all been stifled through fear of insolvency. 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. That's a great shame, because America remains a nation of tremendous resources in every sense, and the underlying assumptions about U.S. government financial instruments are not correct.  America can never face the debt problems of nations like Greece, thanks to its fundamentally different financial system. This short book analyses the modern U.S. financial system in new ways, and 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.

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