VinylOne, Catracho, Franklin. . . . I found my book by Heilbroner and Bernstein from 1963.
They do state that deficit spending should not be a permanent policy, but address the issue to assuage fears we hear even today about leaving our children to pay our debts with assurances that they, too, will be "paying one another back", on the confidence that treasury notes will be commonly held by We the People.
That was before we exported our industries and jobs, and before some foreign investors became prominent purchasors at T-auctions. And before some OPEC countries started hemming and hawing about denominating the price of oil in something besides the dollar, and before China's pres said the dollar has had its day.
One of the books I read way back in high school was about how international trade benefits everybody, was that Adam Smith on the Wealth of Nations?
So here's my case, which amazingly even Paul Krugman seems to think has some merit at this particular point of time, though clearly he would think this is not the best of all possible worlds.
Our founding fathers, smarting from being abused by the influential British Far East Trading Company, whose influence with King George produced some trade regulations favorable to the Company, thought they needed to protect America/Americans from this international corporate. So they stated that the government should be supported by the tariffs, and gave the Federal gov the power to regulate interstate commerce as a tool to prevent outside corporate/merchants to seek advantage by dividing the US and pitting one state against another. . . . this has been the design of British interests during the Articles of Confederation days, and was the proximate cause of the Constitutional Convention.
Have we come to a place where we need tariffs to jump start our economy and help to make sure our deficit spending's benefits, the stimulus intended, can be kept here?
What do we need to do to strengthen our dollar and stimulate our economy?
They do state that deficit spending should not be a permanent policy, but address the issue to assuage fears we hear even today about leaving our children to pay our debts with assurances that they, too, will be "paying one another back", on the confidence that treasury notes will be commonly held by We the People.
That was before we exported our industries and jobs, and before some foreign investors became prominent purchasors at T-auctions. And before some OPEC countries started hemming and hawing about denominating the price of oil in something besides the dollar, and before China's pres said the dollar has had its day.
One of the books I read way back in high school was about how international trade benefits everybody, was that Adam Smith on the Wealth of Nations?
So here's my case, which amazingly even Paul Krugman seems to think has some merit at this particular point of time, though clearly he would think this is not the best of all possible worlds.
Our founding fathers, smarting from being abused by the influential British Far East Trading Company, whose influence with King George produced some trade regulations favorable to the Company, thought they needed to protect America/Americans from this international corporate. So they stated that the government should be supported by the tariffs, and gave the Federal gov the power to regulate interstate commerce as a tool to prevent outside corporate/merchants to seek advantage by dividing the US and pitting one state against another. . . . this has been the design of British interests during the Articles of Confederation days, and was the proximate cause of the Constitutional Convention.
Have we come to a place where we need tariffs to jump start our economy and help to make sure our deficit spending's benefits, the stimulus intended, can be kept here?
What do we need to do to strengthen our dollar and stimulate our economy?
