HomeGroupsTalkZeitgeist
Hide this

Results from Google Books

Click on a thumbnail to go to Google Books.

The Price of Liberty: Paying for America's…
Loading...

The Price of Liberty: Paying for America's Wars

by Robert D. Hormats

MembersReviewsPopularityAverage ratingMentions
391292,072 (4)1
None

None.

Loading...

Sign up for LibraryThing to find out whether you'll like this book.

No current Talk conversations about this book.

» See also 1 mention

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 wisely paid down the debt in a post-war environment in order to be prepared for the next conflict. To this end, in American history the Hamiltonian and the Jeffersonian options have played out over the years. In times of war Americans paid more but in peace lessened the debt.

In the current financial debates the U.S. leaders are not as prudent as they were in times past and this is the precarious situation that Hormats has identified. The long-suffering, crafty, and patient enemy can defeat the might of the U.S. The Islamists are just that threat during a time when U.S. leaders are not acting out of concern for the American tradition of caring for their posterity.
  gmicksmith | Feb 9, 2014 |
no reviews | add a review
You must log in to edit Common Knowledge data.
For more help see the Common Knowledge help page.
Series (with order)
Canonical title
Original title
Alternative titles
Original publication date
People/Characters
Important places
Important events
Related movies
Awards and honors
Epigraph
Dedication
First words
Quotations
Last words
Disambiguation notice
Publisher's editors
Blurbers
Publisher series
Original language

References to this work on external resources.

Wikipedia in English

None

Book description
Haiku summary

Amazon.com Product Description (ISBN 0805082530, Hardcover)

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.

(retrieved from Amazon Mon, 30 Sep 2013 13:23:44 -0400)

(see all 2 descriptions)

Explains how America's leaders have held firm to financial principles developed by Alexander Hamilton to secure the nation and why current policies of borrowing to pay for the war in Iraq and short-sighted tax cuts threaten America's security.

Quick Links

Swap Ebooks Audio
2 wanted2 pay

Popular covers

Rating

Average: (4)
0.5
1
1.5
2
2.5
3
3.5
4 1
4.5
5

Is this you?

Become a LibraryThing Author.

 

Help/FAQs | About | Privacy/Terms | Blog | Contact | LibraryThing.com | APIs | WikiThing | Common Knowledge | Legacy Libraries | Early Reviewers | 94,323,829 books! | Top bar: Always visible