Hamilton's Blessing
Hamilton's Blessing by John Steel Gordon takes on the subject of public debt. The concept was developed in the 16th century by the Dutch during their fight for independence from Spain. Steele covers the subject all the way up through the US government's assumptions of the war debts of the states and on through Clinton's first term. He's right in warning against public debt but don't take his cures for it too seriously.
Skip to next paragraph
Related stories
Subscribe Today to the Monitor
These comments are not screened before publication. Constructive debate about the above story is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate any copyright[s]. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.