Profiles

Jefferson believed that peaceful coercion was the perfect republican solution to the worsening commercial crisis.

"Jefferson described the new judicial establishment as 'a parasitical plant engrafted at the last session on the judiciary body'."

Jefferson rejected the Federalist axiom that in order to have peace one must prepare for war — the theory being that the more powerful a country was in armaments the less likely it was to be attacked. Jefferson doubted both the wisdom of this theory and Federalist sincerity in invoking it."

So many to choose from but Scott Trask picks ten of the most glaring economic errors that have bespotted the history of American economic policy.

Monetary inflation, writes Scott Trask, helped bring on the Terror and set French progress back a generation.