Jelaskan Rujukan dari Hutang awam Amerika Syarikat dalam bahasa melayu

Argues that America is a world empire that uses credit in lieu of tribute and that history shows this to be unsustainable.

Argues that the US is in good economic condition and that talk of the consequences of its debt is unduly alarmist.

Argues that democracies eventually defeat autocracies because "countries with representative institutions are able to borrow more cheaply than those with autocratic governments" (p. 4). Bond markets also strengthen democracies internally by giving citizens some of the proverbial power of the purse and by aligning their interests with those of their governments.

Argues the US completely paid off its first national debt but is unlikely to do so again.