The Price of Liberty: Paying for America's WarsMacmillan, 2007 - 344 strani 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. |
Vsebina
Hamiltons Vision | 1 |
The First Great Test | 28 |
The Fiery Trial | 56 |
Capitalizing Patriotism | 94 |
A Righteous Might | 134 |
A Prolonged and Complex Struggle | 173 |
Hard and Inescapable Facts | 207 |
THE REAGAN REARMAMENT AND DEFICIT FINANCE | 227 |
ASYMMETRICAL THREATS AND THE LONG WAR ON TERRORISM | 251 |
Conclusion | 280 |
Notes | 300 |
| 328 | |
Druge izdaje - Prikaži vse
Pogosti izrazi in povedi
administration Alexander Hamilton American Taxation amounts army banks bill billion bonds borrowing budget deficit Bush chairman Chase Claude Kitchin Cold War Cong Congress congressional cost currency debt defense spending Democrats dollars domestic early economic effort Eisenhower excess profits tax excise taxes federal government Federalists fiscal policy forces foreign funds Gallatin George George H. W. Bush government's Hamilton higher taxes Ibid imposed income tax inflation interest rates investors Iraq Iraq War issue Jefferson Johnson Kennon and Rogers Korean Korean War large numbers leaders legislation levy Lincoln Madison major McAdoo ment military spending Morgenthau national security needed percent of GDP political programs proposed raise Ratner Reagan reduce Republicans revenues Roosevelt Senate sess spending cuts tariffs tax cuts tax increases threat tion Treasury secretary troops Truman United Vietnam war on terrorism wartime Washington wealthy White House Wilson World World War II York