Posts Tagged ‘public credit’

  • Everyday economics and ownership in a market system

    Celebrating Alexander Hamilton and Economic Independence

    Jul 5, 15 • 305 Views • No Comments

    When independence is about political freedom, the U.S. needed Alexander Hamilton's development program for the economic strength that made it truly free......  [read more]

  • Everyday Economics and Alexander Hamilton and economic independence

    Celebrating Economic Independence

    Jul 4, 14 • 946 Views • 2 Comments

    Yes, the United States declared independence from Great Britain on July 4, 1776 and won the American Revolutionary War. But still, we were not truly independent. George Washington’s Secretary of the Treasury Alexander Hamilton knew that true......  [read more]

  • Economic Independence Day

    Jul 4, 12 • 498 Views • No Comments

    Alexander Hamilton must have been worried. In 1790, as Secretary of the Treasury, a troubled economy had become his responsibility. He had a huge federal debt to fund, a banking sector that was distressed, and an economy to stimulate. Sound familiar? Hamilton......  [read more]

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    Default Deja Vu

    Nov 2, 11 • 498 Views • No Comments

    Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and Reinhart in their 2008 paper and book, This Time It’s Different, few nations break out of a......  [read more]

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    Debt Compromises

    Jul 23, 11 • 554 Views • No Comments

    This story is about a country that had massive debt. A recent war had been expensive and the economy had big problems. Still though, powerful political leaders opposed the solution that the Secretary of the Treasury proposed. Yes, the country is the United......  [read more]