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Time for an Alexander Hamilton moment?

November 21, 2011 2 comments

from Anne Mayhew

Perhaps what the technocrats of Europe need is an “Alexander Hamilton moment,” in which they reflect upon the proposals that Hamilton made when the newly formed United States was faced with massive debts left from the revolutionary war.  The debts were those of the Continental Congress and of the states and Hamilton boldly proposed that the financially strapped new nation “refund” all of these debts, which had greatly depreciated in exchange value, and that they be refunded at full face value.  Read more…