Wednesday, February 4, 2009

Another Look At The Constitution, Pt. 3

On the other end of the political spectrum was Alexander Hamilton, Treasurer under George Washington. He believed in giving full power to the government, completely stripping the individual states of any control. He believed in KEEPING the national debt, adding to it the individual state debts. This would attract wealthy financiers, making them dependent on the government. He also proposed a national bank, a carbon copy of the bank of England, which would run the finances of Hamilton's nation state. He believed that without a strong, centralized government, the revolution would be for nothing, because of the tendency for weak republics to be transient. We can see the fruits of his efforts today - a skyrocketing national debt, a plummeting economy, and a strong government, perhaps too strong...

To be Continued.

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