Before the twentieth century, personal debt resided on the fringes of the American economy, the province of small-time criminals and struggling merchants. By the end of the century, however, the most
Cline (a senior fellow at the Institute for International Economics) assesses the implications of US external debt and proposes policies for mitigating their dangers. He develops a model for forecasti
Before the twentieth century, personal debt resided on the fringes of the American economy, the province of small-time criminals and struggling merchants. By the end of the century, however, the most
The United States was a debtor nation in the mid-nineteenth century, with half of its national debt held overseas. Lacking the resources to develop the nation and to fund the wars necessary to expand
The United States was a debtor nation in the mid-nineteenth century, with half of its national debt held overseas. Lacking the resources to develop the nation and to fund the wars necessary to expand
National bestseller: In this brilliantly readable book, a Pulitzer Prize-winning journalist chronicles the Reagan decade, when America fell from dominant world power to struggling debtor nation and wh
From the colonial era to 1914, America was debtor nation in international accounts; by 1914 it was the world's largest debtor nation. Wilkins (economics, Florida International University) provides a
