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To: backwoods-engineer

Hamilton did such a fantastic job with the Treasury that even after Jefferson, as president, sent Albert Gallatin to find where Hamilton screwed up, he found “no flaws” or corruptions and called Hamilton’s Treasury “perfect.” Gallatin wrote, upon delivering his report, “I think Mr. Jefferson was disappointed.”

Hamilton set up the system that got JEFFERSON out of debt, and if we used it today we would have no debt (a “sinking fund”). Hamilton honorably insisted that ALL debts be paid for the good if the nation’s reputation.

Oh, and your banks? Madison himself wrote an amendment to the constitution that was removed permitting banks and general incorporation laws.p so he agreed with Hamilton.


15 posted on 05/16/2016 3:26:11 AM PDT by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
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To: LS
You're the expert, so I defer to you. However, there must be some legitimate controversy over Hamilton's embrace of big government and big banks, or else otherwise reasonable folks like the Mises Institute would not write about it.

But, ultimately, it does not matter whether Hamilton was a good guy or not. We cannot go back, and we have the system we have, corrupt as it is.

20 posted on 05/16/2016 9:56:02 AM PDT by backwoods-engineer (AMERICA IS DONE! When can we start over?)
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