Hamilton's Curse: How Jefferson's Arch Enemy Betrayed the American Revolution--and What It Means for Americans Today
by Thomas DiLorenzo
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Book Summary Information
Author: Thomas DiLorenzoEdition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2008-10-21
ISBN: 0307382842
Number of pages: 256
Publisher: Crown Forum
Book Reviews of Hamilton's Curse: How Jefferson's Arch Enemy Betrayed the American Revolution--and What It Means for Americans Today
Book Review: A convincing history though lacking numbers
Summary: 3 Stars
Hamilton's Curse describes how Alexander Hamilton's preference for a strong central American government came to be dominate over Jefferson's belief in limited government through our history. Phrases in the Constitution such as "provide for the general welfare" and concepts such as " implied powers" are used repeatedly by "Hamiltonians" to advance the powers of the central government. The image of the central government emerges as an unstoppable Leviathan, growing in political and economic power without Constitutional restraint as it asserts itself over the states.
I found the author's description and insights into the growth of the central government well written and convincing. Another economic historian, Kevin Phillips, in his excellent book Wealth and Democracy employs compelling tables and charts to show how over the years, the top 1% of America's wealthiest have come to own an ever increasing amount of the country's (currently 40%) wealth. (The irony being that a country founded on the most egalitarian principles is becoming the least egalitarian.)
I would have liked to have seen similar charts and tables in Hamilton's Curse. For example the author argues that less central government and less taxation would be economically beneficial to the citizens. However, no charts supporting this contention such as - relationships between taxation rates and income data for developed countries - are offered. Aside from the absence of charts or tables, the author does present in an interesting fashion compelling evidence that all three branches of the central government have definitely tilted (if not ignored) the Constitution in usurping power from the state governments.
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