Frank N. Newman Freedom from National Debt

ISBN 13: 9781626520387

Freedom from National Debt

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9781626520387: Freedom from National Debt

America is unjustly 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, military modernization, and disease prevention--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 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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From the Inside Flap:

Also by this author: "Six Myths That Hold Back America: And What America Can Learn from China"

About the Author:

Frank Newman has spent 30 years in banking and as the number two official of the U.S. Treasury. 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.

In the 1990's, as Deputy Secretary of the U.S. Treasury, he was awarded the Alexander Hamilton Award, the Department's highest honor.

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Book Description Two Harbors Press, United States, 2013. Paperback. Book Condition: New. Language: English . Brand New Book. America is unjustly 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, military modernization, and disease prevention - 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 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. Bookseller Inventory # AAS9781626520387

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Book Description Two Harbors Press, United States, 2013. Paperback. Book Condition: New. Language: English . Brand New Book. America is unjustly 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, military modernization, and disease prevention - 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 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. Bookseller Inventory # AAS9781626520387

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