The authors explain what national debts and deficits are, and what they are not. One thing they are not nearly as big as we think. Another thing they are not is a burden on the shoulders of our grandchildren. And one thing they are is a potential means of financing economic growth. Heilbroner and Bernstein do not shrug aside the debt and deficit. "The only remedy for our present frightened state of mind", they write, "is explanations that are simple but accurate, facts that will defuse unreasoning panic, and arguments that will stand up under the most skeptical examination."
- ISBN10 0393306119
- ISBN13 9780393306118
- Publish Date 2 August 1989
- Publish Status Inactive
- Out of Print 13 June 2023
- Publish Country US
- Imprint WW Norton & Co
- Format Paperback
- Pages 144
- Language English