The Price of Liberty: On the Trail of Vikings, Conquistadors, Lost Colonists, and Other Adventurers in Early America
In a bracing work of history, a leading international finance expert reveals how our national security depends on our financial security
More than two centuries ago, America's first secretary of the treasury, Alexander Hamilton, identified the Revolutionary War debt as a threat to the nation's creditworthiness and its very existence. In response, he established financial principles for securing the country—principles that endure to this day. In this provocative history, Robert D. Hormats, one of America's leading experts on international finance, shows how leaders from Madison and Lincoln to FDR and Reagan have followed Hamilton's ideals, from the greenback and a progressive income tax to the Victory Bond and Victory Garden campaigns and cost-sharing with allies.
Drawing on these historical lessons, Hormats argues that the rampant borrowing to pay for the war in Iraq and the short-sighted tax cuts in the face of a long-term war on terrorism run counter to American tradition and place our country's security in peril. To meet the threats facing us, Hormats contends, we must significantly realign our economic policies—on taxes, Social Security, Medicare, and oil dependency—to safeguard our liberty and our future.
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LibraryThing ReviewUser Review - gmicksmith - LibraryThing
Hormats persuasively argues that post 9/11 financing is new and unprecedented in American history. U.S. leaders are ill-prepared to fight a long war against Islamists. Previous American leadership ... Read full review
Review: The Price of Liberty: Paying for America's WarsUser Review - James - Goodreads
I'm glad I read this, but it was very technical. Read full review
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