[Toddsterpatriot]

Now, having long read your criticisms of the fallacy of gold, I’m certain you will be able to give us an erudite critique of where Alexander Hamilton went wrong.

I think Hamilton was correct to do what he did.

[Pelham]

So in the particular case of Hamilton you concede that it was necessary to make the dollar exchangeable for gold?

If that’s so, then at what point did it become necessary or wise to break the link to gold? At the time Hamilton set up American finances there was very little specie in the U.S., far less than the amount of dollars in existence at the time of assumption.