Dr. Frank Noyes is an internationally renowned orthopaedic surgeon and researcher and Founder of the Cincinnati SportsMedicine and Orthopaedic Center and its Research Foundation. He has conducted landmark research on the biomechanics of ligaments, prevention of ACL injuries in the female athlete, the diagnosis of knee injuries and problems, and the results of treatment for a variety of knee disorders. Dr. Noyes has won awards from the American Academy of Orthopaedic Surgeons, the American Orthopaedic Society of Sports Medicine, the Orthopaedic Research and Education Foundation, and the University of Cincinnati. He was inducted into the American Orthopaedic Society for Sports Medicine’s Hall of Fame in 2008, was selected as one of the 25 Best Knee Surgeons in the U.S. by Becker’s Orthopedic & Spine Review in 2010, and has been selected as one of the Best Doctors in America every year since 1992. Dr. Noyes is an author on 270 scientific articles and chapters. Sue Barber-Westin is the Director of Clinical Research at the Cincinnati SportsMedicine Research Foundation. Her work has focused on the clinical outcome of knee operations, methods used to determine the results of studies, differences in neuromuscular indices between male and female athletes, effects of neuromuscular training in female athletes, and prevention of ACL injuries in female athletes. She is an author on 140 scientific articles and chapters. Noyes and Barber-Westin are editors of 2 textbooks: Noyes’ Knee Disorders: Surgery, Rehabilitation, Clinical Outcomes and co-editors of ACL Injuries in the Female Athlete: Causes, Impacts, and Conditioning Programs. They have written 6 other eBooks on knee ligament, meniscus, kneecap, arthritis, and knee scarring (arthrofibrosis) problems designed for both patients and medical professionals.
Partial Knee Replacement: Everything You Need to Know to Make the Right Treatment Decision: Understanding knee arthritis - Medial unicompartmental - Patellofemoral unicompartmental - How to prepare foby Frank Noyes, Sue Barber-Westin
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This short book explains what “national debt” really means in the modern U.S. financial system, based on ideas developed during the author’s years as Deputy Secretary of the U.S. Treasury and as CEO of banks in the U.S. and China. It examines money and Treasuries in the U.S. financial system from new perspectives, and presents logic that can free America from unfounded fear.
These thoughts build on his prior book, Six Myths That Hold Back America, to ask, Why does America fear “national debt”? How do Treasury securities supposedly bring harm to the nation? Can the debt problems of eurozone nations, with very different financial systems, apply to the U.S.? Analyzing the concerns leads to new understanding: Treasury securities have a unique role in the modern U.S. financial system, and there is no need to fear them.
Inside, the reader will find explanations of:
How deficit reduction could be focused on future years of hoped-for strong economies, 10 and 20 years from now, without worry about national debt in the meantime.
Ways to take steps now, in this long, painful period of high unemployment, to create jobs, repair infrastructure, and lower taxes meaningfully - programs that are now severely limited by fear of national debt.
How the expression “national debt” in the U.S. carries outdated implications for Treasury securities, which are unique financial instruments with a special role in the modern financial system, and represent large amounts of savings in the safest form for millions of investors.
That “money” is really “bank money,” created largely by banks, subject to bank risk, and thus not as safe as Treasuries, which are fully backed by the U.S. government.
That Treasury auctions allocate a limited supply of new securities to investors and the winners in the auctions get the highest safety and extraordinary liquidity of Treasuries.
Why Treasuries do not represent a great burden to future generations: why taxes are never required to “pay them off” in aggregate.
Why U.S. Treasuries cannot face the problems of securities issued by eurozone nations.
Why Treasury issuance of securities does not increase or decrease the money supply, and does not consume or “crowd out” funds available for investment.
How loan growth, money, Treasuries, and quantitative easing do and do not relate to inflation.
Why interest rates on Treasuries do not rise just because there are more Treasuries outstanding, and how interest paid on Treasuries does not consume economic resources.
Why foreign ownership of Treasuries does not create indebtedness to other nations.
Why deficits are needed in times of high unemployment, and deficit reduction needed when the economy is too hot; why government should spend wisely regardless of the national debt.
Why Washington’s focus on reducing the cumulative deficit over ten years, and trying to “pay for” near-term deficits over future years, is misplaced and damaging to the economy.
Why debates over the “debt ceiling” risk major disruptions to the entire financial system.
America does not need to fear national debt, and has great opportunities at this time. We can repair and modernize the roads, bridges, dams, airports, schools, and military equipment of America. We can create millions of new jobs. And taxes can be reduced at the same time.
- Publish Green
- Publication date:
- Sold by:
- Barnes & Noble
- NOOK Book
- File size:
- 3 MB
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