White House burning : our national debt and why it matters to you / Simon Johnson and James Kwak.

By:

Johnson, Simon, 1963-

Contributor(s):

Kwak, James [aut]

Material type:

TextPublication details: New York : Vintage Books, 2012.Edition: First Vintage Books EditionISBN:

9780307947642

Subject(s):

DDC classification:

Contents:

1. Immortal credit -- 2. End of gold -- 3. Deficits don't matter -- 4. What does the Federal Government do? -- 5. Why worry -- 6. Arguing first principles -- 7. Where do we go from here?

Summary: This book explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major "and extremely popular" social insurance programs.

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Holdings
Item type	Current library	Call number	Status	Barcode
Books	Marbella International University Centre Library	336 JOH whi (Browse shelf(Opens below))	Available	10840

Includes index.

1. Immortal credit --
2. End of gold --
3. Deficits don't matter --
4. What does the Federal Government do? --
5. Why worry --
6. Arguing first principles --
7. Where do we go from here?

This book explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major "and extremely popular" social insurance programs.

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