Alexander Hamilton and the National Debt
This country was blessed at its founding to have on the scene a member of the Founding Fathers, Alexander Hamilton, who was a financial genius. His idea to have the Federal government adopt the Revolutionary War debts of the states in order to establish the credit of the new Federal government was a policy of genius. At a stroke he restored the credit of the country as a whole, made certain the debt would be paid, made America attractive to foreign investors and laid the basis of future American prosperity. His ideas on the subject were set forth in his first report to Congress on public credit, 1789, and which may be read here.
The final paragraph of the report is salient for the time in which we live: Continue reading
Happy Independence Day! (A Roundup)
Happy Independence Day, folks! — Here is a roundup of some choice reads as we commemorate the birth of our nation:
- Because it’s worth reading again: The Declaration of Independence – view high-resolution images of the original. (This is a part of the “Charters of Freedom”, an exhibit of the National Archives, on the documents that shaped our history.
- Catholic Sources and the Declaration of Independence by Rev. John C. Rager. The Catholic Mind XXVIII, no. 13 (July 8, 1930), looks at synergies between the thought of Aquinas and Bellarmine and that expressed in the Declaration, asking: “Did Jefferson know of Bellarmine?”? (In How Catholic is the Declaration of Independence?, Commonweal takes a look at the “Scholastic-roots-of-democracy theory”; and CatholicHistory.net provides a bibliography on Catholics and the American Founding).
- Learn about Charles Carroll — America’s Catholic Founding Father (Against The Grain).
- What do Pope John Paul II and Pope Benedict XVI think about the American Founding?.
- Discover the riches of The Federalist Papers – by way of a commentary by Paul Zummo (The Cranky Conservative), who maintains: “I absolutely believe that an understanding of the Federalist Papers is essential for understanding the U.S. Constitution and, therefore, understanding America.”
- Listen to Johnny Cash recite “I am the Nation”.
Following are two books which I heartily recommend for some engaging historical reading of the American Revolution and our founding fathers. Continue reading
Guns n' Liberty
This one will be under 1200 words, so help me. Your time is valuable, even if mine isn’t ![]()
A certain contributor to a certain blog, who is welcome to post a comment here if he likes, often makes a claim I find absurd and ignorant: that a defense of second amendment gun rights is necessarily a manifestation of “liberalism and individualism.” People who make this claim understand nothing about why we have a second amendment, what its political and social value is, and consequently, while people become so engaged in the defense of gun rights.
Now, I defend gun rights. I am a big a supporter of the second amendment, and of the natural right to self-defense. On the surface, it looks like a fairly libertarian position: I have an individual right to life, I have a right to defend myself, and in today’s circumstances, a personal firearm is often the best and even necessary weapon with which to do that. Provided a person isn’t mentally ill or has a history of violent crime, there is no reason why they shouldn’t be able to buy and own a gun.
But there is more to the argument than that.
The Real Antidote to Big Government
In the third installment of my proposal for a libertarian-distributist alliance, I explore why libertarians ought to be open to distributist ideas. An excerpt:
Chief among the reasons to support a greater distribution of property is the simple truth that the maximum sphere of individual liberty is not to be found in an individualist utopia, but a strong localism that provides individuals in a moral and efficient way that which they would otherwise turn to a powerful state or crime syndicate to provide.
Calling all Federalists!

The Cranky Conservative, Paul Zummo, is beginning a series on his blog on the Federalist Papers. His comments on Federalist 1 are here. The Founding Fathers created a system of government which has endured for over two centuries. That is a formidable achievement. The Federalist Papers, written in the heat of the ratification battles over the Constitution, are the primary text for understanding what motivated those who sought “a more perfect union”, how they expected the new government to function and their arguments in response to the anti-Federalists who opposed the Constitution. It is easy to draw up schemes of government; it is very difficult to make them function in reality. In the Federalist Papers we see at the beginning the drive to create one nation out of the disparate states. Paul has embarked upon an intellectual adventure in giving an exposition to these theoretical building blocks of our Republic and I urge you to join him for each installment.
Here's to You Mr. Jefferson
With apologies to Simon & Garfunkel. Hattip to Smitty at the other McCain. A parody song dreamed up by Mike Church. If the Founding Fathers could see the fix we are in today with government spending, I am sure it would anger them but it would certainly not surprise them.


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