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"Hamilton`s Curse" by Thomas J. DiLorenzo
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June 03, 2009, 01:10 AM
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The Austrian economics scholar Tom DiLorenzo defends Thomas Jefferson at the expense of his great rival Alexander Hamilton in a lucid new book.

My personal view is that America was very lucky that the two men tended to concentrate on their strong suits and let the other man carry out his field of expertise. Hamilton restored confidence in government finances and protected "infant industries." Jefferson concentrated on making sure America`s distribution of land ownership wasn`t as unequal as Latin America by abolishing primogeniture and setting up a sophisticated system for land sales so that land would be available to small farmers. If the they had reversed their fields of focus, the country would probably have ended up like Argentina, with huge inequalities in land ownership and shoddy finances.