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Hamilton's Curse

Liberty vs. Power Podcast

Tags U.S. HistoryPolitical Theory

01/05/2022Tho BishopPatrick Newman

With the Constitution in place and George Washington made president, Treasury Secretary Alexander Hamilton was empowered to make the new government in his image. Unsurprisingly, a man who celebrated the corruption of the old European order was quick to install a regime inspired by mercantilists like Jean-Baptiste Colbert.

In this episode, Patrick and Tho pinpoint the special interest that benefitted most from the Hamiltonian era, and how its failings sowed the seeds for the Jeffersonian Revolution of 1800.

Recommended Reading

"The Founding Father of Crony Capitalism" by Thomas DiLorenzo —

"Alexander Hamilton: Centralist and Nationalist" by Daren A. Wiseley —

"Central Banking as an Engine of Corruption" by Thomas DiLorenzo —

Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman —

Hamilton's Curse: How Jefferson's Arch Enemy Betrayed the American Revolution—and What It Means for Americans Today by Thomas J. DiLorenzo —

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Note: The views expressed on are not necessarily those of the Mises Institute.

Contact Tho Bishop

Tho is an Communications Director for the Mises Institute, and can assist with questions from the press. Prior to working for the Mises Institute, he served as Deputy Communications Director for the House Financial Services Committee. His articles have been featured in The Federalist, the Daily Caller, and Business Insider.

Contact Patrick Newman

Patrick is Assistant Professor of Economics at Florida Southern College. He completed his PhD in the Department of Economics at George Mason University. He is a 2018 Mises Institute Research Fellow.