John Taylor’s Forgotten Assault on Hamilton’s Economic Scheme
In 1794, John Taylor of Caroline published a devastating critique of Alexander Hamilton’s financial system: the national bank, paper money, and debt. Taylor saw these for what they really were: not mere policy disagreements, but a war on the Constitution itself....
National Debt and the Destruction of Liberty
โI go on the principle that a Public Debt is a Public curseโ James Madison didnโt see public debt as a mere policy debate or a nuisance to be dealt with later. He saw it as one of the most dangerous threats to a representative system – one that leads straight to...
Federal Reserve Responsibility for Consumer and Government Debt Crises
According to the Federal Reserve, credit card delinquencies increased by 50 percent in 2023, while consumer debt grew to 17.5 trillion dollars. A recent survey by Clever Real Estate found that three in five Americans have credit card debt and that 23 percent of...