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View Diary: What Would James Madison Do (WWJMD)? Would the Framers Support the Occupy Wall Street Movement? (112 comments)

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    IreGyre, LNK

    I think that even Hamilton, who was by far the most Tory-ish and the most in favor of banks, business, and vested interests, would recoil in horror at what has happened in this country. I think if he were to see the state of affairs today he would probably be a lot like Paul Krugman. Paul Krugman isn't a leftist. He's an economist from Princeton. But he is a smart man who is clear headed enough to see when something isn't working and when something is going seriously wrong.

    Also, many of the things that Hamilton stood for would be abhorrent to the Tea Party and most of the 1%. He favored a tariff to encourage domestic industry (ironically enough, this was originally in part to HELP his wealthy friends), the use of taxation (he liked his taxes far more than Jefferson and Madison did, and was not shy at all about raising them), a strong central government (this was what the entire Hamilton-Jefferson pissing contest was about, as well as the Whiskey Rebellion and practically everything else that occurred during Washington's Administration), and the foundation of a national bank to regulate the currency. Additionally, he didn't much care whether there was enough gold and silver to back up the currency the national bank was issuing, confident in the belief that the promise of the United States government was sufficient (this alone would send the gold bug/Ron Paul wing of the Republican Party into a fit). He was also no racist, opposed to slavery, and would have been quite comfortable talking with Barack Obama about their college years as young men on the make and about international politics over a glass or two of sherry.

    He was still a complete and total ass in other ways, but in general I think even he would be disgusted with the Koch brothers and their ilk.

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