The Jeffersonian Revolution

01/12/2022Tho BishopPatrick Newman

In this episode of Liberty vs. Power, Patrick and Tho look at the success of the Jeffersonians following the corruption of Hamilton's Federalist Party. With the support of Treasury Secretary Albert Gallatin, the Jeffersonian Administration is able to slash the size of the federal bureaucracy. Unfortunately, the influence of Republican moderates — like James Madison — undermined a true restoration of old republican ideals.

Recommended Reading

"Jefferson's Philosophy" by Murray Rothbard — Mises.org/LP4_A

"Jefferson as President: His Judicial Blunders" by Scott Trask — Mises.org/LP4_B

Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony

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Authors:

Contact Tho Bishop

Tho is an assistant editor for the Mises Wire, 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.