Monday, January 7, 2013
A short review of Thomas K. McGraw's new book The Founders and Finance
A good review by Michael S. Greve over at the Liberty Law blog: The Founders' Finance, and Ours. Greve makes some timely observations about the role of immigrants in creating our country. As George Will once observed, the country we live in is a monument to Alexander Hamilton. Greve's review of McGraw's book provides strong support for Will's point.
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Mark - thanks for the post.
But in an effort to be "fair and balanced," AC readers should also take a look at William Hogeland's almost simultaneous book entitled,
"Founding Finance: How Debt, Speculation, Foreclosures, Protests, and Crackdowns Made Us a Nation." As Hogeland notes at his blog Hysteriography at williamhogeland.wordpress.com
that it is unfortunate that McGraw died and these two historians, with opposite interpretations of our "founding finances," did not get to engage in extended public exchange/debate.
I have not read either of these books yet. But I did read Hogeland's previous book on the Whiskey Rebellion, which I recommend highly to AC readers. Hogeland has much more of a "populist" (e.g., Thomas Paine's) perspective, and is very critical of Hamilton and other "elitist" founding fathers.
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