Alexander Hamilton was America’s most important Founding Father after Washington.

What were the main features of his political economy?

Many Jeffersonian libertarians today deride him as a statist – whether as a “monarchist,” mercantilist, protectionist, nationalist, erector of “central banking,” or proponent of “strong government” – and thus reject him as a proper guide in modern times. Modern liberals concur, but champion Hamilton as an authoritative legitimizer of the mixed-economy corporatist state; yet anti-corporate critics today also associate Hamilton’s approach with “plutocracy.”

In truth Hamilton is an Enlightened, classical liberal, a more consistent champion of rights and liberty than any other Founder, thus an inspiring model for contemporary friends of liberty.

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Richard M Salsman

Dr. Salsman is president of InterMarket Forecasting, Inc., an investment forecasting and consulting firm in Durham, N.C. and assistant professor in the program on Philosophy, Politics and Economics (PPE) at Duke University. He is the author of numerous books, chapters and articles, including Breaking the Banks: Central Banking Problems and Free Banking Solutions (1990) and A Gold and Liberty (1995), both of which were published by the American Institute for Economic Research, and The Political Economy of Public Debt: Three Centuries of Theory and Evidence (Edward Elgar Publishing, 2017). He is also a Contributing Editor for The Objective Standard.