Six Myths that Hold Back America

Six Myths that Hold Back America PDF Author: Frank N. Newman
Publisher: Diversion Books
ISBN: 0983988501
Category : Business & Economics
Languages : en
Pages : 106

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Book Description
Why is China booming while the American economy lags? Despite a globally challenging economic environment, production in China has grown by an astounding 7% to 14% a year, every year, for the past 20 years. America’s GDP, by contrast, fell during the serious recession of 2008-9, and is now struggling to achieve even a tepid 3% growth. Why should this be? Over time, economic thought and attitudes in the U.S. and other Western nations increasingly diverged from the underlying views in China, and significant contrasts developed. This book analyzes several key statements of “accepted” economic views in the U.S., to determine which have real basis in the U.S. financial system, and which are really just myths. The six myths: Asian nations are bankrolling the U.S. Treasury issued securities crowd out the private sector If everyone tries to save more, the nation will save more, and investment, GDP, and employment will increase If the government reduces the deficit, then national saving and investment will increase Today’s deficits create great burdens of tax for our childrer If the U.S. does not get its deficit reduced soon, treasuries will face the same problems as Greece and Ireland

Six Myths that Hold Back America

Six Myths that Hold Back America PDF Author: Frank N. Newman
Publisher: Diversion Books
ISBN: 0983988501
Category : Business & Economics
Languages : en
Pages : 106

Get Book

Book Description
Why is China booming while the American economy lags? Despite a globally challenging economic environment, production in China has grown by an astounding 7% to 14% a year, every year, for the past 20 years. America’s GDP, by contrast, fell during the serious recession of 2008-9, and is now struggling to achieve even a tepid 3% growth. Why should this be? Over time, economic thought and attitudes in the U.S. and other Western nations increasingly diverged from the underlying views in China, and significant contrasts developed. This book analyzes several key statements of “accepted” economic views in the U.S., to determine which have real basis in the U.S. financial system, and which are really just myths. The six myths: Asian nations are bankrolling the U.S. Treasury issued securities crowd out the private sector If everyone tries to save more, the nation will save more, and investment, GDP, and employment will increase If the government reduces the deficit, then national saving and investment will increase Today’s deficits create great burdens of tax for our childrer If the U.S. does not get its deficit reduced soon, treasuries will face the same problems as Greece and Ireland

Six Myths that Hold Back America

Six Myths that Hold Back America PDF Author: Frank Newman
Publisher:
ISBN:
Category :
Languages : en
Pages : 192

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Book Description
Why is China booming while the American economy lags? Despite a globally challenging economic environment, production in China has grown by an astounding 7% to 14% a year, every year, for the past 20 years. America's GDP, by contrast, fell during the serious recession of 2008-9, and is now struggling to achieve even a tepid 3% growth. Why should this be? Over time, economic thought and attitudes in the U.S. and other Western nations increasingly diverged from the underlying views in China, and significant contrasts developed. This book analyzes several key statements of "accepted" economic views in the U.S., to determine which have real basis in the U.S. financial system, and which are really just myths. The six myths: Asian nations are bankrolling the U.S. Treasury issued securities crowd out the private sector If everyone tries to save more, the nation will save more, and investment, GDP, and employment will increase If the government reduces the deficit, then national saving and investment will increase Today's deficits create great burdens of tax for our childrer If the U.S. does not get its deficit reduced soon, treasuries will face the same problems as Greece and Ireland.

Freedom from National Debt

Freedom from National Debt PDF Author: Frank N. Newman
Publisher: Hillcrest Publishing Group
ISBN: 1626520380
Category : Business & Economics
Languages : en
Pages : 105

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Book Description
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.

Myths America Lives By

Myths America Lives By PDF Author: Richard T. Hughes
Publisher: University of Illinois Press
ISBN: 0252050800
Category : Social Science
Languages : en
Pages : 272

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Book Description
Six myths lie at the heart of the American experience. Taken as aspirational, four of those myths remind us of our noblest ideals, challenging us to realize our nation's promise while galvanizing the sense of hope and unity we need to reach our goals. Misused, these myths allow for illusions of innocence that fly in the face of white supremacy, the primal American myth that stands at the heart of all the others.

The Myths That Made America

The Myths That Made America PDF Author: Heike Paul
Publisher: transcript Verlag
ISBN: 3839414857
Category : Language Arts & Disciplines
Languages : en
Pages : 451

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Book Description
This essential introduction to American studies examines the core foundational myths upon which the nation is based and which still determine discussions of US-American identities today. These myths include the myth of »discovery,« the Pocahontas myth, the myth of the Promised Land, the myth of the Founding Fathers, the melting pot myth, the myth of the West, and the myth of the self-made man. The chapters provide extended analyses of each of these myths, using examples from popular culture, literature, memorial culture, school books, and every-day life. Including visual material as well as study questions, this book will be of interest to any student of American studies and will foster an understanding of the United States of America as an imagined community by analyzing the foundational role of myths in the process of nation building.

Myths America Lives by

Myths America Lives by PDF Author: Richard Thomas Hughes
Publisher:
ISBN: 9780252028601
Category : Political Science
Languages : en
Pages : 203

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Book Description
Identifies five "myths" that shape American belief systems including those of the Chosen Nation, Nature's Nation, the Christian Nation, the Millennial Nation, and the Innocent Nation, citing how they contributed to such issues as terrorism and the takeover of American lands from indigenous people. (Social Science)

US-China Relations in the Twenty-First Century

US-China Relations in the Twenty-First Century PDF Author: Michael Tai
Publisher: Routledge
ISBN: 1317502280
Category : Political Science
Languages : en
Pages : 224

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Book Description
The relationship between the United States and China will be of critical importance to the world throughout the twenty-first century. In the West China’s rise is often portrayed as a threat and China seen in negative terms. This book explores the dynamics of this crucial relationship. It looks in particular at what causes an international relationship to be perceived negatively, and considers what can be done to reverse this, arguing that trust is a key factor. It goes on to discuss US and Chinese rhetoric and behaviour in three key areas – climate change, finance, and international security. The book contends that, contrary to much US rhetoric, China’s actions in these areas is often much more flexible and accommodating than the US position, and that the Chinese are much more knowledgeable about, and understanding and appreciative of, the United States than vice versa.

Myth America

Myth America PDF Author: Kevin Kruse
Publisher:
ISBN: 9781541604667
Category : History
Languages : en
Pages : 0

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Book Description
In this "incisive" (Vanity Fair) and "authoritative" (New York Times) instant New York Times bestseller, America's top historians set the record straight on the most pernicious myths about our nation's past The United States is in the grip of a crisis of bad history. Distortions of the past promoted in the conservative media have led large numbers of Americans to believe in fictions over facts, making constructive dialogue impossible and imperiling our democracy. In Myth America, Kevin M. Kruse and Julian E. Zelizer have assembled an all-star team of fellow historians to push back against this misinformation. The contributors debunk narratives that portray the New Deal and Great Society as failures, immigrants as hostile invaders, and feminists as anti-family warriors--among numerous other partisan lies. Based on a firm foundation of historical scholarship, their findings revitalize our understanding of American history. Replacing myths with research and reality, Myth America is essential reading amid today's heated debates about our nation's past. With Essays By Akhil Reed Amar - Kathleen Belew - Carol Anderson - Kevin M. Kruse - Erika Lee - Daniel Immerwahr - Elizabeth Hinton - Naomi Oreskes - Erik M. Conway - Ari Kelman - Geraldo Cadava - David A. Bell - Joshua Zeitz - Sarah Churchwell - Michael Kazin - Karen L. Cox - Eric Rauchway - Glenda Gilmore - Natalia Mehlman Petrzela - Lawrence B. Glickman - Julian E. Zelizer

Reducing Natural Resource Dependency for Economic Growth in Resource Rich Countries

Reducing Natural Resource Dependency for Economic Growth in Resource Rich Countries PDF Author: Goran M. Muhamad
Publisher: Springer Nature
ISBN: 9819936403
Category : Business & Economics
Languages : en
Pages : 212

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Book Description
This book examines the reduction of natural resource revenue dependency in resource-rich countries. Such countries experience lower economic growth due to factors of high volatility in commodity prices, reduction in accountability, undermining of the competitiveness of other economic sectors, and weak power of institutions. The analysis is based on an identified gap in the literature regarding how private sector development and public sector development affect the degree of dependency on resource revenue in natural resource-rich countries. This book studies the interaction between private and public sector development with dependency on natural resources, specifically exploring whether the two diversified factors lead to a decrease in the degree of dependency, which is important for economic growth and to overcome the "resource curse". Economic diversification is viewed as a long-term solution to the high economic dependency from natural resources. Private sector development and public sector reforms may lead to this diversification. The analysis of the book helps to shed light on private sector development, public services sector privatization, and a taxation system to diversify sources of income, with the objective to reduce dependency on natural resources extraction. This book is an invaluable read for public policymakers, the public and private sectors, law makers, and scholars of developmental studies.

Rethinking Capitalism

Rethinking Capitalism PDF Author: Michael Jacobs
Publisher: John Wiley & Sons
ISBN: 1119311632
Category : Political Science
Languages : en
Pages : 224

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Book Description
"Thought provoking and fresh - this book challenges how we think about economics.” Gillian Tett, Financial Times For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/ Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change. The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn’t, and how it can be made more innovative, inclusive and sustainable. Outlining a series of far-reaching policy reforms, Rethinking Capitalism offers a powerful challenge to mainstream economic debate, and new ideas to transform it.