Book Description:
This enlightening and controversial book sets forth the thesis that the growing prosperity of the U.S. economy 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. The dramatic narrative traces the evolution of the concept of the Almighty Dollar against the backdrop of the development and denouement of the Cold War. It demonstrates how individual decisions made by U.S. and Soviet leaders affected the course of events. An analysis of the Historical Tables of the United States Government, showing the tandem growth of U.S. deficits and the GDP, is interwoven into the historical recounting. The epilogue concludes that the U.S. economy is on a treadmill of deficit spending, and that if deficit spending is substantially reduced, a global recession will ensue. 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. Lewis E. Kaplan's 40 years of publishing and business experience have provided him with first hand knowledge of the impact of currency exchange fluctuations on the domestic market, and the role of the U.S. dollar in the global economy. He was founder of RetailWeek, an award winning business publication, vice president of marketing for GENESCO Europa, and president of PLADS, a division of Kellwood Company. He has also served as a consultant to Fortune 500 corporations. He attended Cornell University and completed his studies at the University of Aix en Provence. During World War II, he served in the Army Air Force in the Pacific.
|
