Constitution Week: English Antecedents

I was a Hamilton fan long before it was cool; I even made a point of visiting his grave the first time I went to NYC. I viewed him as the father of American democratic capitalism. To some extent, I still do.

But my enthusiasm for Hamilton has cooled somewhat over the last few decades. Hardly anything he did after he left office does him any credit. His writing style doesn’t endear him to modern readers, and some of his intrigues, starting with his days in the Continental Army, are distasteful. But the biggest revelation to me was that his ideas on finance largely came from Robert Morris, and to go even further back, from the English Whig Party, circa 1695. Hamilton would have fit in quite nicely as part of the Whig Junto in that era.

What about Jefferson? The analogy is imperfect due to different conditions in England and America, but Jefferson’s views about low taxes on land, minimal central government, effective rule by the local gentry, an unambitious foreign policy, and a tiny military make him sound a lot like an early 18th century Tory.