We are very pleased to have Bob Hormats guest blogging at MR this week. Bob is currently vice chairman of Goldman Sachs (International). Bob has extensive experience in finance and politics having served in the State
Department as assistant secretary of state for economic and business
affairs, ambassador and deputy U.S. trade representative, and senior deputy assistant secretary for economic and
business affairs, among other positions.
Bob’s latest book is The Price of Liberty: Paying for America’s Wars, a superb history of wartime fiscal policy and a warning that entitlement programs and war spending are pushing America towards fiscal catastrophe.