Robert D. Hormats illustrates in his book, The Price of Liberty: Paying for America’s Wars, how the struggle to fund our wars shaped the fiscal policies of our country. He warns us that not applying the lessons learned from these struggles to the war on terror will jeopardize both our social programs and national security. The Price of Liberty Paying for America's Wars Robert D. Hormats Henry Holt and Co. pages Size: /8 x /4 $ Business Times Books Pub Date: 05/ ISBN: In a bracing work of history, a leading international finance expert reveals how our national security depends on our financial security. "The Price of Liberty is both a superb history and an urgent call for appropriate fiscal policy in the current campaign against terrorism. Hormats shows that, time and again, how wars were paid for determined how wars were fought--and won or lost. An important and timely book."--David M. Kennedy, author of Freedom from Fear/5(12).
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The Price of Liberty: Paying for America's Wars. 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 pr. The Price of Liberty shows that [Hormats] knows his historyNiall Ferguson, The Wall Street Journal America's first secretary of the Treasury, Alexander Hamilton, identified the Revolutionary War debt as a threat to the nation's very existence. Ever since, Hamilton's principles for securing the country through sound finances have guided leaders from Madison and Lincoln to FDR and George H. W. Bush as they have fought to protect the United States--with the invention of the greenback, a. There are lessons to be learned and too often forgotten, even for the financing of the new 'War on Terror.'"--Paul Volcker, former chairman of the Federal Reserve "The Price of Liberty is both a superb history and an urgent call for appropriate fiscal policy in the current campaign against terrorism. Hormats shows that, time and again, how wars were paid for determined how wars were fought--and won or lost.
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