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Posts Tagged ‘Alexander Hamilton’

It won’t cease, no matter what I say. Still:

The well-regarded historian Thomas McCraw, author of the recently published The Founders and Finance, who died untimely only a few days ago, has a characteristically well-written, and persuasively liberal posthumous op-ed in today’s Times on Alexander Hamilton’s finance policies, which makes all the usual Hamiltonian — I don’t know what to call them, because they can’t be mistakes — presumptions? misconceptions? — that my book Founding Finance is in part out to challenge? correct? demolish?

In the wake of the election, the neoliberal desire to invoke Hamilton (yet again — Paulson, Geithner, Orszag et al were self-professed Hamiltonians) as a guide to current policy certainly raises some big questions. But as a writer on the period, I’m most bewildered by the reflexive Hamiltonian tendency to misconstrue what Hamilton actually did.

In this and many other cases, the miscontrual doesn’t even serve a useful purpose: McCraw’s most persuasive point — that obsessing about “fiscal cliffs” and lowering taxes and cutting benefits, etc., is not a realistic  way to deal with national finance problems — would be at least as strong with full acknowledgment of the real Hamilton plan. (more…)

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(Cross-posted from “Boston Review.”)

Liberals have become originalists too. Recent books by progressive thinkers as varied as the legal scholar Lawrence Lessig, journalist Roger Hodge, and political commentator Rachel Maddow decry a national failure to live up to the founders’ purposes in creating the Constitution. Maddow means by her title, Drift, an unfortunate movement away from founding-era anti-militarism into the modern military-industrial complex. In Lessig’s Republic, Lost, the loss has come about thanks to a money influence in politics that Lessig says the founders condemned as corrupt. Hodge, in The Mendacity of Hope, frames a criticism of President Obama in terms of the founding political battle over finance between Hamilton and Madison.

All of the liberal originalists’ books run into political and historical trouble over some unedifying realities of our founding period. . . .

Read more.

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I swore I’d never abuse a blog this way, but the following is straight b-roll. I’m cutting this out of a book I’m just now finishing. [UPDATE: It's finished.] George Wolfe, playwright and sometime artistic director of New York City’s Public Theater, was reputed to respond to actors’ suggestions for things they might want to add to a scene by making a scissor-snipping hand-motion in the air and saying “Save it for your nightclub act.” This snippet is is part of a much longer critique of the influential academic history of our time . . . [UPDATE: I may not be talking, really, about intellectual history per se. More about an overreliance on intellectual history by historians who for various reasons prefer discussing ideas to discussing political and economic action.]

* * * *

So here’s the thing:

I’m not saying intellectual historians harbor some evil desire to distort. Intellectual historians just want history to be intellectual.

In my lifetime, they’ve made it so — or at least made American founding history so. For anyone wondering how we traveled, in about sixty years, from the Beardians’ dominating founding history by promoting their somewhat oddball take on class conflict to Gordon Wood’s and others’ dominating it by promoting “republican synthesis,” I believe we can thank the mighty influence of Douglass Adair. How Adair looked at the founders is how we mostly look at them now, so I think it’s worth a glimpse at how he pulled that off.

Like Robert Brown and Forrest McDonald, in the 1950’s Douglass Adair took direct aim at Beard. Yet he didn’t employ tendentious economic studies like theirs. Adair made a highly nuanced appeal to the importance of the founders’ reading and thinking, especially about the meaning of virtue.

It’s surprising, given Beard’s obscurity today, to see how powerful Beard’s influence was when Adair began work. In his Ph.D dissertation Adair could only go so far. He basically said, “Yes, of course, it was all about financial self-interest, but I’m just saying the classics might have had something to do with it too.” And he acknowledged what then was supposed to be common knowledge among historians, that the framers acted to restrain democracy because “their pockets were being picked by the backcountry debtors.” The prejudice embedded in that remark, in favor of the creditors, would offend hardly anyone today, since the subject of founding debt and credit has become opaque for many readers. That’s a reflection of Adair’s success. He shifted the larger discussion entirely away from economic matters that he’d been forced to acknowledge, at least, when he started.

Adair curated the postwar development of founding history largely through his role as the editor of “The William & Mary Quarterly” in the 1950’s and 1960’s. Much of the writing he encouraged there carried forward his project: thinking ever more deeply and arguing ever more closely about liberal, republican, and classical theories of virtue in government — the appropriate way, to Adairites, to read America at its founding. Through that process, economic conflict among classes in founding America came to have relevance only in so far as it inspired Madison to write about faction, say, or John Adams to write about balance.

One of the revealing effects of Adair’s approach to the project of debunking Beard, important for the stories I tell, has to do with how we look at Alexander Hamilton. The pro-business, right-wing Beard debunker Forrest McDonald made Hamilton a hero. That was counterintuitive, given McDonald’s Goldwater connections and Hamilton’s ceaseless activism on behalf of government power. Then again, the New Dealers, whom McDonald opposed, had copped Jefferson for their own founding mascot (even more counterintuitively). McDonald’s admiration for Hamilton may also remind us that the right’s famous affection for liberty often has to do with ensuring that deleterious effects of private enterprise on less advantaged people might never serve as a reason to regulate private enterprise.

In contrast to McDonald’s right-wing style of Beard debunking, Adair’s middle-of-the-road liberalism makes Hamilton a social conservative, living in hysterical fear of a class war that Adair was out to define as chimerical. Adair thus doesn’t have to deny Beard’s contention that Hamilton’s efforts in public finance involved an attack on the less advantaged; [UPDATE: On reflection -- and on reading an essay by Pope McCorkle in American Journal of Legal History that I can't link to -- that's not really a Beard position. In the end, it's hard for me to say what Beard's position was, on a number of things, but what I really mean here is something like "Adair thus doesn't have to deny Beard-influenced contentions that founding finance policies associated with Hamilton and the Federalists involved an attack on the less advantaged"]; he just sees the Hamiltonian extremity of anti-populism as baseless, silly, off the point of founding history (as he’s tautologically defined it). Since balancing fights among Americans is what interests Adair and his liberal-intellectual progeny, and not the fights themselves, both Hamilton and his enemies in the eighteenth-century popular-finance movement exist by definition outside the mainstream of the American founding. The founding populist efforts I discuss, the desire to radically change American society, to make government economically egalitarian, nothing to do with the ideas of Jefferson and Madison — that’s a molehill of which Hamilton foolishly made a mountain, in Adair’s reading.

The problem with the Adair narrative — and I think this is emblematic of the preference for looking at ideas, not action — is that it fails to explain much of Hamilton, and much of what actually went on in the founding. For one thing, Hamilton’s manifest economic liberalism: that daring pursuit of financial innovation, which, combined with his hierarchical conservatism, made activist government such a powerfully stabilizing, nation-creating force in the 1790’s. In shifting history away from the class war in which both Hamilton and the popular-finance movement knew themselves to be engaged, the Adair narrative cleanses early American tendencies toward stability and liberalism of the economic regressiveness that (I believe) attended them. Great historians have thus continued to be happy to believe in Adair’s Hamilton the extremist social conservative and upper-class hysteric, important to mention but intellectually marginal to the American project, and because intellectually marginal, ultimately marginal. Biographers and politicians alike perennially insist on Hamilton’s importance. Major academic historians have mainly stuck to giving him his bare due without getting interested in him.

That’s because Hamilton was an actor, not a thinker, in that his thinking — at least as adept, in my view, as anybody else’s of his day — served action, and action occurs in conflict. None of that serves the prime Adair directive of seeing in founding America a synthesis, a resolution of conflict, carried out in the famous elites’ ideas about virtue. The populists of the day, to the extent that they were economic radicals, will always look to Adairites extremist and hysterically misguided, just as their opponent Hamilton does; or, to the extent that populists can be described as not politically radical, just eager for personal advancement, they can be seen as having been unfairly labeled radical by the reactionary Hamilton. Either way, their needs would soon be addressed — supposedly! — by the intellectually attractive Jefferson, and then met — supposedly! — in the age of Jackson, and the franchise was opened in the states throughout the nineteenth century, so why on earth discuss radical thought and action as important to the founding?

Here’s why I do: Hamilton and the radical populists saw one another clearly, and what they saw represents the great political struggle of the period, the struggle that made us, I think, and the struggle we’re still in. To Adairites, that’s all off point. In the Adair reading, Madison is the founder to watch — not Hamilton, not Washington, not really John Adams, certainly not Samuel Adams. Adair’s Madison reacts to the Madison that Beard had pushed on us in 1913 — a Madison not much more than a somewhat pretentious aristo looking out at all costs for his own wallet, his republican theory, supposedly by his own admission, just a tactic for pushing back against the masses. Adair’s 1950’s Madison, by contrast, stays bent over his books. A reader and writer more than anything else, Madison rarely even looks out the library window, so immersed is he in the world of ideas. Madison has thus become the ultimately appealing founder for many readers of founding history. How could he not be? Anyone who loves reading for the sake of knowledge, nuance, exploration — any reader of serious history — will naturally prefer to hang out with the bookish Adair philosopher Madison rather than the hypocritical Beard plutocrat Madison. The Virginian sought to defeat the most pernicious effects of faction, ingeniously, by permitting faction to thrive in a balanced system. Who among us wouldn’t want to sit in a hushed and cozy library with Madison, Adair, and the classical authors? It beats considering grubby matters like paper versus metal, economic interest, and class war. And how especially satisfying is it that those great classical thinkers’ thinking was made law, for the first time, thanks to Madison himself, in the founding of our own government? Madison looks like somebody we’d be pleased to exchange a few ideas with. He looks like a smarter version of somebody, we dare to believe, like us.

The flattering, sentimental attraction of that version of Madison is so great that we no longer remember the Madison who was a politician operating within alliances and under pressures, not always to perfectly consistent ends, and with highly ambiguous effects on our founding history. The Madison we like remains so pure of heart and thought that to conservatives he’s the first conservative, to liberals the first liberal. We don’t really need to care what he meant when he mentioned the disaster of paper money and devaluing of debt in “Federalist Ten,” an essay we cite approvingly on other matters more edifying and therefore nearer to our hearts. We forget that regardless of the degree to which Madison was interested in the subject of his own interest, he had a point of view on society that he may have mistaken, as the rest of us do, for the objective one, in which his conclusions were shaped to fit his social and economic position.

And we forget that Adair came up with all that stuff about Madison in full-on attack on what was then the dominant position in American founding history. Adair was attacking Beard. McDonald, openly scabrous in his disdain, admitted by his tone that the war he was fighting was a political one, but Adair took a cannier tack, and so utter has been his victory over Beard that we no longer know that Adair was engaged in warfare at all, or that the war had political and not only intellectual dimensions. The self-regarding attitude of judicious omniscience employed by Adair, Morgan, Hofstadter, Wood, et al, dims our awareness — by sheer force of the attitude more than by anything else — not only of the importance of financial and economic struggles in the American founding but also of the academic combat in which those historians made their careers. We’re no longer expected to register the degree to which, in the past they’re supposedly merely exposing to us “as it was” (as Wood has actually said about his own work), it is the historians, and not the historical figures they study, who have the most decisive interests.

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I haven’t been blogging, because I’m buried in finishing a book on founding-era taxes, public debt, tea parties, occupations, and other economic and financial struggles of that period, but an article entitled Betrayal of the Founders (sent to me this morning by Jerry Fresia because, I suspect, he knows what I’m going to say about it!) is so germane to the problems in founding history I’m exploring that I want to make hasty comment. The piece is on the “Counterpunch” site, the free online component to the dissenting political newsletter of the same name edited by Alexander Cockburn and Jeffrey St. Clair, and it’s by Ray McGovern, formerly a U.S. Army officer and CIA analyst, now on the Steering Group of Veteran Intelligence Professionals for Sanity.

McGovern criticizes President Obama’s signing the 2012 National Defense Authorization Act, which he describes, I think rightly, as

affirming that the president has the authority to use to detain any person “who was part of or substantially supported al-Qaeda, the Taliban, or associated forces that are engaged in hostilities against the United States or its coalition partners.” Under the law, the president also may lock up anyone who commits a “belligerent act” against the U.S. or its coalition allies “without trial, until the end of the hostilities.” The law embraces the notion that the U.S. military can be used even domestically to arrest an American citizen or anyone else who falls under such suspicion — and it is “suspicion” because a trial can be avoided indefinitely.

McGovern also trenchantly criticizes Obama’s reassuring us that we can take the act as more or less okay because Obama is committed to never using it to do anything wrong. The absurdity of that claim is so manifest, at least to me, and I think so damaging to the whole idea of the rule of law, that with McGovern, I wonder why there hasn’t been more coverage criticizing it. The Constitution isn’t clear on everything (originalists to the contrary), but it’s clear as a bell on habeas corpus. Liberals who excoriated Bush’s use of torture, detentions, signing statements, etc., have been strangely silent on Obama’s behavior here.

But McGovern fatally contradicts his own realism about Obama’s policies in this area with a completely unrealistic paean to none other than George Washington, presented by McGovern in typically glowing terms as our great and nearly godlike fighter for the individual liberties set out in the Bill of Rights.

I bring this up because this is what we always do: reach for “the founders”  to support an objection to current policies. And because in the case of Washington, that reach is a grope, at best, in the dark, and because McGovern uses his invocation of Washington as a call to what sounds like revolutionary action against Obama, I think it’s worth remembering Washington’s impatience with dissent and scorn for the civil rights of citizens he branded, without due process, enemies.

If we’re going to have a revolution on these issues — and I’m pretty sure we’re not! — we won’t find any real inspiration for it in our founding president. He would have cracked our heads. And if we’re not going to have a revolution, but hope instead to take effective action against executive overreaching, we’d do better to stop living in fuzzy dream about the past.

Here’s some of McGovern on Washington:
(more…)

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Why Is This Man Laughing?

I did half an hour yesterday with Boston College Radio on my various topics. Scroll to Saturday, November 26, 11:00 AM  “Sounds of Dissent.” The whole show’s interesting; I think I start about halfway through.  [UPDATE: Reader John TK says at about the 36-minute mark.]  The interview.

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Here’s an AlterNet piece exploring some of the historical ramifications of the militaristic stance of some police departments during the “Occupy” crackdowns:

Police, not military. The distinction may seem academic, even absurd, when police are bringing rifles, helmets, armor, and helicopters to evict unarmed protesters. But it’s an old and critical distinction in American law and ideology and in republican thought as a whole. The 17th-century English liberty writers, on whose ideas much of America’s founding ethos was based, believed that turning the armed might of the state, (necessary in waging war against foreign enemies), to domestic policing of local communities tends to concentrate power in top-down executive action and vitiate treasured things like judiciary process, individual liberty, representative government, and free speech. . . .

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Comments have been dispiriting (unlike comments on my previous AlterNet post, where a real dialogue took form). This batch involves a lot of  “Yeah, duh. This is a fascist state. Off the pig!” Nobody much seems interested in the Edmund Randolph-Alexander Hamilton debate during the Whiskey Rebellion, the fact that these struggles have been going on from day one, and we’ve never come down on one side or the other. Ah, well.

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Or: How Liberalist Consensus Fails Both History and Politics

This is just classic:

With their steadfast resistance to taxes, their hostility toward central government, and their willingness to risk a national default, today’s Republican candidates tap into a different American tradition–one that begins not with tea but with whiskey: the Whiskey Rebellion of 1794.

To understand that rebellion and why President George Washington was willing to send troops to put it down, go back to the early days of the Revolution and look at what really motivated the founders.

So runs the apparent thesis statement — the straw man, really, since “that rebellion,” supposedly so important to understand, almost never comes up again in the piece — of an essay by Simon Johnson and James Kwak, intended to criticize Tea Party history and economics, in the current issue of Vanity Fair. In the top-five “most popular” online VF pieces, the essay is a perfect example of its (to me) dispiriting type: seemingly learned, reasonable-sounding, liberal; presented for a general readership by noted thinkers; glib, complacent, superficial, and therefore fatally flawed to the point of being just flat-out wrong in its effort to examine both the American populism of the 18th century and today’s populism, as represented by the Tea Party and other current right-wing sensibilities. (Or, for that matter, left-wing sensibilities.)

As such, the piece distills (ha! ha!) all the many ways in which highly informed, well-regarded, no-doubt well-meaning authors can so easily, almost reflexively, abuse history, especially when it comes to finance and economics.

Especially distressing about the piece is how many details the authors can get right, obvious and unexciting details to any student of the period, while somehow managing to ignore the all-important historical context that would give the piece any useful meaning for general readers. So they get all the big stuff, and indeed a certain number of critical facts, wrong, and wrong in a damaging way. Even as they tell their story, purportedly imparting historical wisdom to help us understand current debates, Johnson and Kwak prevent us from engaging with the realities of that history, or with today’s political conflicts over public debt and taxes, their ostensible subjects.

The main idea of the piece, right enough as far as it goes and as far as I’m concerned (and hardly meant to provoke Vanity Fair‘s readership to any new thought): the Tea Party is wrong about the founding-era history on which its claims are based. The Tea Party and the “constitutional conservatives” think the founding was about disempowering government, keeping taxes miniscule, and having no national debt. It wasn’t.

Because yes, yes, it’s true, as the authors say: Alexander Hamilton, the nation’s first treasury secretary, believed that a nation could thrive as such only if it enjoyed access to credit supported by reliable taxation. And yes: the Constitution enabled the Congress to tax, and the first Congress, advised by Hamilton, assumed all the state war debts in the federal one, levying taxes proposed by Hamilton to pay for the program. So yes: when Tea Party people say “the founders” excoriated debt and hated taxes, they’re not talking about Hamilton, or the Washington administration, or the first Congress, or even the Constitution as drafted, amended, and ratified.

Those observations are banal, but the piece is far worse than banal. The truisms lose all meaning when the authors try to develop their ideas both in terms of the founding period and in terms of today’s politics. (more…)

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