Mountains of Debt - Veseth, Michael
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This book surveys the growth and decline of the Florentine economy, and that of Victorian Britain, and relates their experiences to the US in the era following the Second World War, a period notable for accumulating public debt. It also speculates on what options the US may have to avoid the fates of Florence and Victorian Britain in the future.
This provocative work presents a unique analysis of the current economic problems and policies of the United States based on a comparative historical approach. The study looks at what happens when flourishing economies begin to accumulate large…mehr

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Produktbeschreibung
This book surveys the growth and decline of the Florentine economy, and that of Victorian Britain, and relates their experiences to the US in the era following the Second World War, a period notable for accumulating public debt. It also speculates on what options the US may have to avoid the fates of Florence and Victorian Britain in the future.
This provocative work presents a unique analysis of the current economic problems and policies of the United States based on a comparative historical approach. The study looks at what happens when flourishing economies begin to accumulate large public debts, falling from fiscal balance toward fiscal crisis, where the problem of managing the public debt overwhelms the traditional concerns of public policy.
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