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Hamilton's Blessing - cover

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Hamilton's Blessing

John Steele Gordon

Publisher: Walker Books

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Summary

Our national debt is now so high that most of us have stopped thinking  
about it, because the prospect of bringing it under control is  
unimaginable. We consider it a national liability and fear our children  
will be forced to pay for our current excesses. John Steele Gordon is a  
welcome antidote. In 1997, his book, Hamilton's Blessing, offered a  
"biography" of the debt, making it very much a human drama while  
explaining the myriad, mostly positive, ways it has influenced America's 
 history since Alexander Hamilton first proposed the virtues of a  
national debt in 1792.  
 
However, the 12 years since the book's  
initial publication have been perhaps the most dramatic in the debt's  
history-since it has more than doubled and continues on an ever-upward  
spiral. Now, more than ever, we need John Steele Gordon's wisdom-his  
revised and expanded edition of Hamilton's Blessing will put this  
historic expansion in perspective, allowing us to better participate in  
debate and discussion.  
 
Bringing a remarkable national  
institution to life, Gordon offers, in the process, an original view of  
American history, and insight into both well- and lesser-known figures  
who have influenced and charted our voyage, from Hamilton to Jay Cooke  
to John Maynard Keynes to the present. The national debt helped rescue  
the Union during the Civil War and raise the nation out of the  
Depression-thus offering hope it may serve a similar purpose in the  
decades to come.
Available since: 12/01/2011.
Print length: 224 pages.

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