Ep. 101 – Hamilton's National Bank 101
Constitutional Chats Presented By Constituting America · Constituting America
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Show Notes
In creating the new country, our Founders were led by Alexander Hamilton in creating a financial system that would become the envy of the world. In creating this system, Hamilton did four important and interrelated things-fund the national debt, assumption of state war debt, defined US dollar in terms of gold and silver and established the First Bank of the United States. To accomplish this last item, Hamilton had to make an argument that the bank was constitutional as a central bank was not an enumerated power. Join our panel and guest Bob Wright with the American Institute for Economic Research and find out why he argues Hamilton "created the United States of America!"