


Jefferson vs Hamilton on the National Bank
The First Bank of the United States was chartered for a period of 20 years by Congress on Feb. 25, 1791. Alexander Hamilton championed the bank, but it wasn’t without its detractors. One of the most vocal opponents of the bank was Thomas Jefferson who argued that it...Letting a bunch of politically-connected central bankers have so much power over the entire economy - isn't a really good idea. @mmaharrey10th#endthefed #economy #constitution #10thAmendment #libertarian pic.twitter.com/0uEjGVintg
— TenthAmendmentCenter (@TenthAmendment) July 28, 2021
Why Do We Care What This Guy Says?
Eight times a year, the Federal Reserve holds a meeting. Markets react wildly to the messaging coming out of these central bank gatherings, especially to what the Fed chairman says. This raises a question: why do we care so much about what a bunch of politically...
James Madison: The Constitution vs the National Bank
In 1791, James Madison gave two major speeches on the National Bank, opposing it primarily on grounds that it wasn’t a power expressly delegated in the Constitution. He also rejected claims that used the general welfare and necessary and proper clauses, along with the...