E-Book Overview
This controversial book traces 20th century history and argues that (1) US prosperity is inexorably linked to the U.S. deficit and has been since the New Deal; (2) Any effort to significantly reduce the national debt will result in a depression that will make that of the 1930s seem like good times; (3) that it was the Cold War and the Great Society which made the American and global economy as prosperous as they are today. Stalin has been accused of many things; add to the list his role as the father of modern-day economics and a major factor in inspiring the US to take a bold course in the 20th century. This dramatic narrative traces the evolution of the concept of the Almighty Dollar against the backdrop of the development and denouement of the Cold War, demonstrating how individual decisions made by US and Soviet leaders affected the course of events. This enlightening and controversial book sets forth the thesis that the growing prosperity of the US during the past 60 years is directly linked to deficit spending, and that the synergy of these two phenomena will continue for the foreseeable future. An analysis of the Historical Tables of the United States Government, showing the tandem growth of US deficits and the GDP, is interwoven into the historical recounting. Furthermore, The Almighty Dollar is not in danger of collapse because if the nations of the world don't sustain the integrity of the U.S. dollar as the currency of exchange, their own economies will collapse. Chapter 1. Evolution of the Almighty Dollar; Chapter 2. The Amazing American Economy; Chapter 3. Beyond Good and Evil: A Different Portrait of Joe Stalin; Chapter 4. The Contradictions of State Socialism; Chapter 5. The Cold War Begins: The Truman Presidency; Chapter 6. The Cold War in Neutral: The Eisenhower Presidency; Chapter 7. Expanding the Cold War: The Kennedy Presidency; Chapter 8. The Great Society: The Johnson Presidency; Chapter 9. The Renegade Re