Freedom of debt: the lessons of government finance before the Civil War -- A thousand dollar breakfast: the limits of war financing by elites -- Patriotism and profit: Jay Cooke and the democratization of debt -- The sale of American stocks constitutes the chief business at the Bourse: foreign...

In this book Garbade, a former analyst at a primary dealer and researcher at the Federal Reserve Bank of New York, traces the evolution of open market operations, Treasury debt management, and the microstructure of the US government securities markets following the 1951 Treasury-Federal Reserve....

Introduction: war, money, and American history -- A more effectual mode of administration: the constitution and the origins of American public finance -- The soul of government: creating an American fiscal regime -- So immense a power in the affairs of war: the restoration of public credit --...

" Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt makes it harder to grow our economy, boost our living standards, respond to wars or recessions, address social needs, and maintain our role as a global leader. At the same time,...

Comprehensive: examines the historical development of the federal tax system; explains the relative importance of income taxes, payroll taxes, and other taxes in the modern era; and discusses the fairness, economic efficiency, and revenue-raising characteristics of federal tax policy -...