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Jim Grant: Alexander Hamilton Would Not Approve Of Today’s Federal Reserve

FYI: Nobody cares about the deteriorating federal finances, but who doesn’t adore Hamilton? Logically, you can hardly ignore the deficit, while paying as much as $1,691 for a rush ticket to see the hit musical, but people make the leap without thinking twice.

More than two centuries before his name went up in lights on Broadway, Alexander Hamilton famously wrote that “the proper funding of the present debt, will render it a national blessing.” But he less famously added that “the creation of debt should always be accompanied with the means of extinguishment [of that debt].”
Regards,
Ted
https://www.barrons.com/articles/alexander-hamilton-federal-reserve-51561084647?mod=hp_LEAD_3
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