Fri. Dec 1st, 2023
The First Bank of the United States in a Nutshell

Of all things, the most controversial issue of President George Washington’s first term swirled around a bank. While Alexander Hamilton championed the establishment of the First Bank of the United States, Thomas Jefferson believed it would endanger liberty, ignite a constitutional crisis, and set a dangerous precedent. In this episode, I explain why.

In my book, Compact of the Republic, I explained how the First Bank of the United States undermined the Jeffersonian vision for a decentralized republic:

Best books on this topic:
-Gordon Wood, Empire of Liberty:
-Forrest McDonald, The Presidency of George Washington:
-Douglass Southall Freeman, Washington:
-Murray Rothbard, A History of Money and Banking in the United States:


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