Freedom from National Debt by Frank N Newman

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Freedom from National Debt by Frank N Newman

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Freedom from National Debt by Frank N Newman

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.

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Newman, Frank N.: - Frank Newman is a former Deputy Secretary of the U.S. Treasury Department, and has 30 years of experience as a banking executive in both the U.S. and China. Upon completion of his service with Treasury, he was awarded the Alexander Hamilton Award, the department's highest honor. He recently completed 5 years as Chairman of the Board of Directors and CEO of Shenzhen Development Bank, China. He has held the positions of Chairman and CEO of Bankers Trust, Vice Chairman and CFO of Bank of America, Executive Vice President and CFO of Wells Fargo Bank, Director of Korea First Bank, and Director of Dow Jones & Company. He and his wife live in Hong Kong, and enjoy time in New York and Martha's Vineyard.
SKU Unavailable
ISBN 13 9781626520387
ISBN 10 1626520380
Title Freedom from National Debt
Author Frank N Newman
Condition Unavailable
Binding Type Paperback
Publisher Two Harbors Press
Year published 2013-05-02
Number of pages 89
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.