John Taylor’s Forgotten Assault on Hamilton’s Economic Scheme
By: Michael Boldin In 1794, John Taylor of Caroline published a devastating critique of Alexander Hamilton’s financial system: the national bank, paper money, and debt. Taylor saw these for what ...
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The National Bank That Breached the Articles of Confederation
By: Mike Maharrey Despite having no express authority to do so, Congress created a national bank under the Articles of Confederation by invoking an invented doctrine of “inherent sovereign authority.” ...
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Alexander Hamilton’s “Implied Powers” Wrecked the Constitution
June 15, 2021
Alexander hamilton / Constitution / Founding Principles / Necessary and Proper Clause
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By: Mike Maharrey During the ratification debates, supporters of the Constitution insisted that the new general government would only exercise the powers explicitly enumerated in the document. But less than three years ...
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