The implication derives from the arguable assumption that an ever-growing, activist, authoritarian, mercantilist controlled, crony-capitalist-socialist government's foundation was in Hamilton's vision, implemented by Jefferson's accomodation to the assumption of debt and Washington's implementation of the National Bank.
The "republic" had several chances to rollback the principle, but once the initial questions were decided, it had an inertia that history has proven was unstoppable.