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One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe

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3.44  ·  Rating Details  ·  25 Ratings  ·  5 Reviews
Like its current citizens, the United States was born in debt-a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right.

"One Nation Under Debt" explores the untold history of America's first
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Hardcover, 419 pages
Published February 1st 2008 by McGraw-Hill (first published January 1st 2008)
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James Williams
This review is structured more like a book report than a book review. This is because my main concern with the book is the things it left out. I’m not sure how to describe why I miss these things without first describing what is included. Please forgive this.

Given the recent (summer, 2011) political squabbles around the United States’ national debt, it seemed like a great time to read up on the history. While the present and future fate of the debt is the talk of the nation at the moment, it st
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Jason Mccool
Actually very interesting. A bit dry in parts as it delves into economic details, but the overall, it's well worth reading, especially with the current economic problems facing America and the world. Mr. Wright looks at both sides of the debate between our founding fathers over whether to allow a national debt. There were benefits and dangers, and Mr. Wright points out the important distinction between funded and unfunded national debt, the former building the credit of a young nation while allo ...more
Paulhwa Lee
Apr 18, 2014 Paulhwa Lee rated it really liked it
An interesting angle on the evolution of the US financial system.
Nathan
Dec 27, 2014 Nathan rated it liked it
A great text to read alongside the flood of books that were released following the crash of 2008 about the nature of public and private debt and the common perception thereof; it provides an interesting (if not the most robust) historical context and a reminder that these are not new issues by any means. It does focus primarily on the very early history of the US, however, so you'll need to find other sources the long gap between the mid-1800's and the present day.
Rick
Dec 29, 2008 Rick rated it really liked it
Recommended to Rick by: people concerned abou the direction of our government
Definitely worth reading, though it seems more geared for people with training in economics or finance.
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Wright is the Nef Family Chair of Political Economy at Augustana College in Sioux Falls, S.D.
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