Very thoughtful analysis.
It states very clearly where we are today.
Worth reading carefully.
May God Bless the USA, and deliver us from the grips of the most evil Globalist Fascist Government ever conceived.
Here’s the short version.
Jefferson wanted decentralized power, balanced budgets, government not to pick winners and losers in the marketplace and/or subsidize companies, low taxes and states’ rights.
Hamilton wanted centralized power, control of everything by the banksters and the elites.
Jefferson was right and Hamilton was wrong. To the extent we’ve followed Hamilton’s model much more, we have many of the problems of today - which we would not have had we followed Jefferson’s vision.
Hamilton’s Curse
How Jefferson’s Arch Enemy Betrayed the American Revolution—and What It Means for Americans Today
Court historians have long praised the glories of Alexander Hamilton as the greatest of the founding fathers. This view is back in vogue as U.S. economic policy becomes ever more statist.
In this dazzling work of revisionist history, Professor Thomas DiLorenzo provides the other view. He shows that Hamilton is the architect of most of today’s failed economic policies: protectionism, central banking, and debt. His core principle is that government should be used to benefit the rich and privileged, mostly through its power to print money and run financial scams. In this sense, Hamiliton’s Curse has been visited upon the United States in the 2008 bailout of powerful investment banks.
Hamilton was the master of the political lie. He used his rhetorical powers and elite connections to invent the myth of the Constitution’s “implied powers.” He established the imperial presidency. He devised a national banking system that imposes boom-and-bust cycles on the American economy. He saddled Americans with a massive national debt and oppressive taxation. He pushed economic policies that lined the pockets of the wealthy and created a government system built on graft, spoils, and patronage. He transformed state governments from Jeffersonian bulwarks of liberty to beggars for federal crumbs.
Moreover, DiLorenzo shows that Hamilton, as compared with Jefferson, was an economic ignoramus. Whereas Jefferson was schooled in a classical liberal tradition and revered the legacy of A.R.J. Turgot, Hamilton was an old-fashioned mercantilist who thought that barriers and debt were the keys to prosperity.
By debunking the Hamiltonian myths perpetuated in recent admiring biographies, DiLorenzo exposes an uncomfortable truth: The American people are no longer the masters of their government but its servants. Only by restoring a system based on Jeffersonian ideals can Hamilton’s curse be lifted, at last.
https://store.mises.org/Hamiltons-Curse-P534.aspx
The most diabolical crime in history is in our faces each and every hour of every day. Money is anything but.
'Legal Tender' does not extinguish any debt, merely defers the debt. Only real money can extinguish a debt, and according to even the "current" constitution, that consists of coin.
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
The Puerto-Rican-based IRS is a collection agent corporation tasked with collecting 1040 "taxes" for the non-federal private corporation the Federal Reserve, for their printing of new legal tender debt. Not a single plug nickel from our IRS 1040 payments pays for any federal program. See the Grace Commission on this.
