Debt Compromises

This story is about a country that had massive debt. A recent war had been expensive and the economy had big problems. Still though, powerful political leaders opposed the solution that the Secretary of the Treasury proposed. Yes, the country…

Virginia and Germany

“Where…is the justice of compelling a State which has taxed her citizens for the sinking of her debt, to pay…the debts of other states, which have made no exertions whatever?” This quote, from John Steele Gordon’s, Hamilton’s Blessing (p. 29)…