The price of liberty
Subtitle: paying for America's wars
By: Robert D. Hormats
Edition: 1st ed.
Publisher: Times Books
Published: 2007
Place of publication: New York
Language: eng
Number of pages: 344
ISBN-13: 9780805082531; 9780805087239
Subjects: Public Finance; National security; Finanzierung; Appropriations and expenditures; Hacienda pública; United States; Öffentlicher Haushalt; Krieg; History; Aspectos económicos; Finance; Guerra; Public Debts; Finanzas; War; United States. Dept. of Defense; Historia; Seguridad nacional; Deuda pública; Armed Forces
Description: A leading international finance expert reveals how our national security depends on our financial security. 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. Here, 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. 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.--From publisher description.
Notes: Includes bibliographical references (p. [328]-330) and index.
Table of contents: title: Introduction; title: Hamilton's vision; title: The first great test; title: The fiery trial; title: Capitalizing patriotism; title: A righteous might; title: "A prolonged and complex struggle"; title: "Hard inescapable facts"; title: Bankrupting communism; title: New enemies; title: Conclusion.