Goodreads helps you keep track of books you want to read.
Start by marking “The Price of Liberty: Paying for America's Wars from the Revolution to the War on Terror” as Want to Read:
The Price of Liberty: Paying for America's Wars from the Revolution to the War on Terror
Enlarge cover
Rate this book
Clear rating

The Price of Liberty: Paying for America's Wars from the Revolution to the War on Terror

4.0 of 5 stars 4.00  ·  rating details  ·  18 ratings  ·  5 reviews
"Admirably comprehensive . . . The Price of Liberty shows that [Hormats] knows his history."--Niall 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 lea
Paperback, 368 pages
Published January 8th 2008 by Holt Paperbacks (first published 2007)
more details... edit details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about The Price of Liberty, please sign up.

Be the first to ask a question about The Price of Liberty

This book is not yet featured on Listopia. Add this book to your favorite list »

Community Reviews

(showing 1-30 of 72)
filter  |  sort: default (?)  |  rating details
A must read for anyone who wants to understand a general history of US fiscal policy and how US wars have been financed since the country's inception.

The book was written in 2007 so much of the recent data are from 2005 and 2006, before we entered our current recession. But even in that more upbeat economic environment, Hormats painted a legitimate cause for concern with our large national debt and unwillingness to make spending sacrifices. Layer in the recession and it's even worse.

In his conc
I just saw this author give a lecture with Richard Brookhiser at the New-York Historical Society, and although it was brief, the author gave an extremely cogent overview of how the U.S. paid, and is paying, for its wars. The book is engrossing and very highly recommended.

Wars are extremely expensive and destructive; it's a pity the monies spent on defense cannot be allocated elsewhere (but, I am a firm believer that defense spending is more a stimulus to the economy than simple transfer payments
Aug 20, 2008 Ramberto rated it 4 of 5 stars  ·  review of another edition
Recommends it for: Anyone interested in public finance and policy.
This was a concise, well written, easily read history of how America pays for its wars; covering the Revolutionary War to the campaigns in Iraq and Afghanistan. The most interesting lessons drawn from all this is that engaging in war is a very expensive proposition, and that paying for the conflict is usually well considered if not acrimonious process. Most wars have been funded with a combination of raising taxes and issuing war bonds, and our tax structure today is still in many respects based ...more
The Price of Liberty: Paying for America's Wars by Robert D. Hormats (2007)
I'm glad I read this, but it was very technical.
James Willson
James Willson marked it as to-read
Jul 25, 2014
Stephen Gosling
Stephen Gosling marked it as to-read
Jul 16, 2014
Jake Moran
Jake Moran marked it as to-read
Jun 09, 2014
Margie marked it as to-read
Apr 22, 2014
David marked it as to-read
Mar 07, 2014
John Philson
John Philson marked it as to-read
Mar 02, 2014
Samantha marked it as to-read
Mar 01, 2014
Jon Klug
Jon Klug marked it as to-read
Jan 18, 2014
Megan Chang
Megan Chang marked it as to-read
Dec 11, 2013
Christine marked it as to-read
Nov 12, 2013
Lisa marked it as to-read
Oct 10, 2013
Mark Ó Congalaig
Mark Ó Congalaig marked it as to-read
Aug 12, 2013
Robert marked it as to-read
Jul 13, 2013
Djpj Oneeightseven
Djpj Oneeightseven is currently reading it
Feb 09, 2013
Tyler Kendrick
Tyler Kendrick marked it as to-read
Jan 13, 2013
Chuck Bradley
Chuck Bradley is currently reading it
Dec 27, 2012
Nschwart marked it as to-read
Dec 24, 2012
Martin Bloom
Martin Bloom marked it as to-read
Aug 26, 2012
« previous 1 3 next »
There are no discussion topics on this book yet. Be the first to start one »
The Price of Liberty: Paying for America's Wars American Albatross: The Foreign Debt Dilemma Reforming The International Monetary System: From Roosevelt To Reagan Beginning the Journey: China, the United States, and the WTO Western Approaches to Eastern Europe (Critical Issues (Coun on Foreign Relations))

Share This Book