now, more formally, who is michael mandelbaum. he is a christian herder, professor of american foreign policy and director of the american foreign policy program after john's hopkins university school of advanced international studies, which is based in washington. he's a former faculty member at harvard and columbia universities, and the u.s. naval academy. he is the author, co-author, 11 previous books. his current one which will discuss tonight is called "the frugal superpower: america's global leadership in a cash-strapped era." let's start with the first part of the title, frugal superpower, because it's so, maybe we would not be without power altogether, will have a very important role, but in the front part of it, frugal, does it go with a superpower, at least not in our history as michael points out in his book. we got very used to spend whatever money it took to have the position we have in the world to be the underwriter issue of a global prosperity and global security. that's an era that is coming to an end. and as mich