Thomas J. DiLorenzon–Hamilton’s Curse: How Jefferson’s Arch Enemy Betrayed the American Revolution – And What It Means for Americans Today–Videos

Posted on April 14, 2010. Filed under: Blogroll, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, history, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Psychology, Rants, Raves, Regulations, Resources, Security, Taxes, Video, War, Wisdom | Tags: , , , , , |

 

 

The Founding Father of Economic Statism [Thomas J. DiLorenzo]

“…Thomas J. DiLorenzo is an American economics professor at Loyola College in Maryland. He is an adherent of the Austrian School of Economics and is a senior faculty member of the Ludwig von Mises Institute and an affiliated scholar of the League of the South Institute, the research arm of the League of the South, and the Abbeville Institute. He holds a Ph.D. in Economics from Virginia Tech.

Mr. DiLorenzo has authored several books including The Real Lincoln: A New Look at Abraham Lincoln, His Agenda, and an Unnecessary War; Hamilton’s Curse: How Jefferson’s Arch Enemy Betrayed the American Revolution–and What It Means for Americans Today; How Capitalism Saved America: The Untold History of Our Country, From the Pilgrims to the Present; and Lincoln Unmasked: What You’re Not Supposed To Know about Dishonest Abe.”

Background Articles and Videos 

“…Synopsis

Two of the most influential figures in American history. Two opposing political philosophies. Two radically different visions for America.

Thomas Jefferson and Alexander Hamilton were without question two of the most important Founding Fathers. They were also the fiercest of rivals. Of these two political titans, it is Jefferson—–the revered author of the Declaration of Independence and our third president—–who is better remembered today. But in fact it is Hamilton’s political legacy that has triumphed—–a legacy that has subverted the Constitution and transformed the federal government into the very leviathan state that our forefathers fought against in the American Revolution.

How did we go from the Jeffersonian ideal of limited government to the bloated imperialist system of Hamilton’s design? Acclaimed economic historian Thomas J. DiLorenzo provides the troubling answer in Hamilton’s Curse.

DiLorenzo reveals how Hamilton, first as a delegate to the Constitutional Convention and later as the nation’s first and most influential treasury secretary, masterfully promoted an agenda of nationalist glory and interventionist economics—–core beliefs that did not die with Hamilton in his fatal duel with Aaron Burr. Carried on through his political heirs, the Hamiltonian legacy:

• Wrested control into the hands of the federal government by inventing the myth of the Constitution’s “implied powers”
• Established the imperial presidency (Hamilton himself proposed a permanent president—–in other words, a king)
• Devised a nationalbanking system that imposes boom-and-bust cycles on the American economy
• Saddled Americans with a massive national debt and oppressive taxation
• Inflated the role of the federal courts in order to eviscerate individual liberties and state sovereignty
• Pushed economic policies that lined the pockets of the wealthy and created a government system built on graft, spoils, and patronage
• Transformed state governments from Jeffersonian bulwarks of liberty to beggars for federal crumbs

By debunking the Hamiltonian myths perpetuated in recent admiring biographies, DiLorenzo exposes an uncomfortable truth: The American people are no longer the masters of their government but its servants. Only by restoring a system based on Jeffersonian ideals can Hamilton’s curse be lifted, at last. …”

http://search.barnesandnoble.com/Hamiltons-Curse/Thomas-J-DiLorenzo/e/9780307382856/?itm=3  

 

The Founding Father of Crony Capitalism

Mises Daily: Tuesday, October 21, 2008 by Thomas J. DiLorenzo

“…Hamilton was the intellectual leader of the group of men at the time of the founding who wanted to import the system of British mercantilism and imperialistic government to America. As long as they were on the paying side of British mercantilism and imperialism, they opposed it and even fought a revolution against it. But being on the collecting side was altogether different. It’s good to be the king, as Mel Brooks might say.

It was Hamilton who coined the phrase “The American System” to describe his economic policy of corporate welfare, protectionist tariffs, central banking, and a large public debt, even though his political descendants, the Whig Party of Henry Clay, popularized the slogan. He was not well schooled in the economics of his day, as is argued by such writers as John Steele Gordon. Unlike Jefferson, who had read, understood, and supported the free-market economic ideas of Adam Smith, David Ricardo, John Baptiste Say (whom Jefferson invited to join the faculty of the University of Virginia), Richard Cantillon, and Turgot (a bust of whom still sits in the entrance to Monticello), Hamilton either ignored or was completely unaware of these ideas. Instead, he repeated the mercantilist myths and superstitions that had been concocted by apologists for the British mercantilist state, such as Sir James Steuart.

Hamilton championed the cause of a large public debt — which he called “a public blessing” — not to establish the credit of the US government or to finance any particular public works projects but for the Machiavellian idea of tying the interests of the more affluent to the state: being government bondholders, they would, he believed, then support all of his grandiose plans for heavy taxation and a government much larger than what was called for in the Constitution. He was right. They, along with Wall Street investment bankers who have marketed the government’s bonds, have always provided effective political support for bigger government and higher taxes. That is why Wall Street investment bankers were first in line for a bailout, administered by one of their fellow investment bankers, Treasury Secretary Paulson. …”

http://mises.org/daily/3164

Alexander Hamilton

PT 2/16 Alexander Hamilton-American Experience- PBS

PT 3/16 Alexander Hamilton-American Experience- PBS

PT 4/16 Alexander Hamilton-American Experience- PBS

PT 5/16 Alexander Hamilton-American Experience- PBS

PT 6/16 Alexander Hamilton-American Experience- PBS

PT 7/16 Alexander Hamilton-American Experience- PBS

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