Dominion of Interest Rates: Credit and Debt, U.S. Federal Budget, Global Arena

Interest rates serve as guides to consumer, business, government, and international transactions. Authorities influence interest rates to achieve various national and global goals. Little attention is given to the actual amount that interest adds to cost or to returns; or the resulting pressure these amounts will exert towards continuing or moving in new directions of sector spending, national or global. GDP of nations and international transactions among them are lacking clear statements of interest components, thereby missing the significant contribution these elements would bring to understanding the behavior of world markets.

Annette Meyer earned her Ph.D. in Economics at the Graduate Center of City University of New York (CUNY) system. Dr. Meyer is a Professor Emeritus and past Chair of Department of Economics at The College of New Jersey; former President and founding member of Economists of New Jersey; and has served as Adjunct Professor of Economics at Hunter College (CUNY).

This book is a development of a previous work entitled The Subject Is Interest Rates, which is in the Archives and Special Collections of Hunter College (CUNY). It was sent to several economists and to President Barack Obama and administrative personnel.

Annette Meyer is the author of Evolution of United States Budgeting, published by Greenwood in 1989, and a revised and expanded edition published by Praeger in 2002.