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To: arrogantsob
Hmmm lets see the program proposed by the man MOST knowledgeable about the US economy

There's one huge gaping problem with that assertion: you have yet to demonstrate that Hamilton was "the man MOST knowledgeable about the US economy," or anything even remotely close. In fact, most of your claims about Hamilton's supposed economic knowledge have not withstood scrutiny...that is, unless you've managed to find all those "missing" statistical records he supposedly assembled but never bothered transmitting to Congress or anyone else for that matter in his alleged "first ever" study of the new American economy that nevertheless happened to not be published some 6 or more years AFTER the British actually did publish the first study of the same thing.

The Report on Manufactures and the supporting information takes up two volumes of almost 500 pages each in his papers.

Yeah. Because it was a good 70 or so pages itself and went through a half dozen or more drafts, mostly in the pen of Coxe as he sifted through Adam Smith to prepare what was very much a conscious attempt at a rebuttal. And yet in all those assembled pages and drafts, there is virtually no statistical data on the state of U.S. economy. Funny how that worked out.

“As the responses to his inquiries poured in and he put the facts together, he came to understand BETTER THAN ANY MAN IN THE COUNTRY what the real problems were and how to surmount them.”

So you've demonstrated your ability to regurgitate a hagiographic passage from a Hamilton biography. Now exactly what was your point again?

He knew we needed a thriving internal market to remove our reliance on foreign markets (which plagues underdeveloped and emerging nations)

If that is so, then (1) why did he propose to do this with tariffs, which simply DO NOT WORK to achieve that goal, and (2) why did he push through the Jay Treaty, which had explicit provisions that INCREASED our reliance on British markets in the West Indies trade?

Look, I get it that you're on the Hamilton kool-aid. The problem for you is that you will find no respectable economist today in agreement with anything you are saying. That's not to say that there aren't people who agree with it. Protectionist labor unions and the LaRouche cult love Hamiltonian economics. But the rest of the world realized it was bunk a long time ago.

837 posted on 09/21/2010 10:19:11 PM PDT by conimbricenses (Red means run son, numbers add up to nothing.)
[ Post Reply | Private Reply | To 835 | View Replies ]


To: conimbricenses

Lets see 1000 - 70 = 930 thought Jeffersonian math might disagree.


845 posted on 09/21/2010 10:56:29 PM PDT by arrogantsob
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