[cowboyusa]

Hamilton was a big government moron. Give me Jackson.

[hanamizu]

Hamilton was a big government moron. Give me Jackson.

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The fight at the time wasn’t between Hamilton and Jackson, but Hamilton and Jefferson. Hamilton’s vision of the future was cities and industry while Jefferson saw America’s future built on the foundation of small independent farmers in the countryside. Jefferson’s view is more romantic, but Hamilton’s was what came to pass, for better or worse.

Hamilton insisted that all monetary promises made by the government should be honored. Except for Civil War era fractional currency, all U.S. paper money, including at the time the near worthless Continental Currency be honored at full value. The U.S. may well be unique in never repudiating its printed currency. This is one reason why U.S. currency is trusted.

Jackson was brilliant in his way and he certainly didn’t trust the ‘magic’ that makes banking work. I admire the way he invited everyone to his inauguration, and the way he got them to leave the White House when things got out of hand.