Will This Never Cease?

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. Continue reading

Hogeland the Antifederalist — Not!

So total has been the wet-blanketing effect, in American founding history, of the banal binary between “Federalists” and “Antifederalists” that people seem unable to read my flat-out critique of the binary and its awful effect as anything other than my taking one side or the other in that same binary. No matter, that is, how loudly I shout, “This whole tired Federalist vs. Antifederalist thing is a distraction from more important matters!” the Federalists will call me Antifederalist and vice versa. It’s all they can see. It’s their, shall I say, idee fixe. (Too fed up to put in the diacritical.)

A case in point (i.e., the only reason I’m on this tirade at all): somebody has mis-read The Whiskey Rebellion as an Antifederalist screed, when in fact everywhere in the book I point to — actually, deliberately overemphasize — an entirely other way of looking at founding conflict. The book is as much a critique of Antifederalism, and of partisan Republican opposition to Hamiltonian high Federalism, as it is of the Federalist Washington administration itself.

But no: “In other words,” says the author, “Hogeland is no conspiracy-minded Marxist revisionist, just a recent competitor in our country’s fluctuating struggle between the spirits of Hamilton and Jefferson.” When that’s precisely the struggle whose supposedly overwhelming relevance my account of the rebellion calls into question.

No, damn it: I am a conspiracy-minded Marxist revisionist! Better that than this.

(Since the author relies on Jacob E. Cooke as an impartial source on the Whiskey Rebellion, the confusion is not surprising. Cooke is the great editor of Hamilton’s papers and a notorious Hamilton apologist with not an iota of realism about what happened to bring about events known as the Whiskey Rebellion.)

It’s just amazing to see a quotation in which I diss what would become the Jeffersonian opposition — “’Many of Hamilton’s congressional opponents,’ [Hogeland] writes, ‘wouldn’t have understood’ the ‘rural people’s peculiar economic relationship with whiskey’…” deployed to argue that I take up a Jeffersonian position. This is how mind-numbing the falsifications and banalities of our founding history have become. The author goes on to state the obvious: there isn’t much difference in certain pragmatic ways between founding-era Republicans and Federalists. Duh. Yet a fawning adulation of Hamilton, involving the usual whitewashing, is achieved, yet again, by ignoring the populist radicals my book constantly puts in the reader’s face.

Fawning adulation of Jefferson/Madison is just as misguided, as I thought my book showed — and as I state, in words of one syllable, in a piece in the current “Boston Review” (in print, not yet online). Yikes.

Historiography: Douglass Adair and the Triumph of Founding Ideas over Founding Action

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; for more on this stuff see Chapter Five of Founding Finance.] 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.” The blog is my night-club act, and this snippet is part of a much longer critique of the brand of scholarly history of the American founding that’s been the most influential on a public history of the founding — on the stuff found in political speeches and history-tourism museums and magazine articles.

* * * *

So here’s the thing:

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

In my lifetime, they’ve made it so — or at least made American founding history so, and I mean especially those historians who have had the biggest impact on that history as experienced by the nonspecialist public. If anyone’s 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 in the general public most 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, we all accept it was all about financial self-interest, but I’m just saying the classics might have had something to do with it too.” That’s how strong the class-analysis approach had become in mainstream scholarly history before WWII. Adair 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 own 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, maybe 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, the long-range effect of Adair’s moderate liberal intellectualism didn’t involve denying 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”]. Adairites just define the Hamiltonian extremity of anti-populism as off the main point of founding history (as they’ve 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. In Adair’s own early work, Hamilton is useful only as a means of looking at big cultural and intellectual issues like the relative degree of literal biblical belief among the famous founders (not much) or what song might have been popular enough for Hamilton to sing in public shortly before his death. 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, possibly foolishly, made a mountain, in the Adairites’ reading. The Adair agenda marginalizes both Hamilton and his most vociferous enemies.

A problem with the Adairite narrative — emblematic of the preference for looking at ideas, not action — is that it fails to explain not only Hamilton but also much of what actually went on in the founding. For one thing, Hamilton’s manifest economic liberalism (today, neoliberalism): 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 Adairite narrative cleanses early American tendencies toward stability and liberalism of the economic regressiveness that attended them. Great historians have thus continued to be happy to believe in Adair’s Hamilton the extremist social conservative and even upper-class hysteric, a man important to mention but intellectually not useful to the American project. Biographers and politicians and their appointees perennially insist on Hamilton’s real importance; major academic historians have mainly stuck to giving him his bare due without getting interested in him. We, in the public, are thus stuck with the biographies. And they’re bad. And stuck with the political appointees — Henry Paulson, Tim Geithner, Peter Orszag — who hope to apply Hamiltonian finance to modern problems like financial crises. They’re bad too.

It’s true that 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 an ultimate synthesis, a resolution of conflict, carried out via 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 misguided, just as their opponent Hamilton does; or, to the extent that the 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. But to Adairites, that’s all off point. In the Adair reading, Madison is the founder to watch — not Hamilton, not Washington, not really even John Adams, certainly not Samuel Adams. It’s really all Madison.

The Adairite Madison is a reaction to the Madison that Beard had pushed on us in 1913 — the Madison who wasn’t much more than a somewhat pretentious aristo looking out at all costs for his own wallet; 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 less grubbily financial 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 mode against 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, repositioning the founding of the United States for the Cold War ethos as a moderate, middle-class phenomenon in which class struggle could have had no important place.

The tone of judicious omniscience employed by Adair, Morgan, Hofstadter, Wood, et al, dims our awareness — by sheer force of the attitude more than by argument — not only of the importance of financial, economic, and class struggles in the American founding but also of the grim academic combat to which those very historians dedicated their careers and in which they made their names. We’re no longer expected to register the degree to which — in the past they claim to be exposing to us “as it was” (Wood has actually said that about his own work) — it is the historians, and not the historical figures they study, who have the most decisive interests.

Liberal Hamiltonians (One Sect of) in “Vanity Fair” Get Whiskey Rebellion, Tea Party, Hamilton Himself Way Wrong

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. Continue reading

“Occupy Wall Street” and the History of Democratic Finance Protest

This is a rallying cry?

Given some of my key subjects, I can’t help but be interested in the “occupy” movement that, at the moment, has a few hundred protesters [UPDATE: Now a lot more; I was there on Tuesday] more or less living in Zuccotti Park near the New York Stock Exchange in lower Manhattan, and is apparently starting to engage in similar protests in other cities. You can’t find out much about this action via “mainstream media,” and even much of the left media, such as it is, has been critical in some cases, and outright dismissive in others, regarding the movement’s evident formlessness and absence of specific goals.

That absence is pretty much undeniable. Still, in Salon, Glenn Greenwald has shrewdly criticized liberal-Democrat scorn for Occupy Wall Street. On the other hand, Mother Jones criticizes the movement on bases other than those that Greenwald attacks. . . .

But I write about the deep, founding roots of rowdy, American populist protest and insurrection, often visionary and even utopian, yet informed and practical too, specifically over money, credit, and the purpose and nature of public and private finance. And despite my pop-narrative books on the subject, and despite my articles here, and in such place as Newdeal20.org (articles picked up by AlterNet, Huffington, Salon, Naked Capitalism, and others), key indicators of my relative impact (like royalty statements!) give me a sneaking suspicion that most people still don’t connect the American founding period with a rugged drive on the part of ordinary people for equal access to the tools of economic development and against the hegemony of the high-finance, inside-government elites who signed the Declaration and framed the Constitution and made us a nation.

Sometimes people even ascribe democratic ideas to the famous upscale American Revolutionaries, who to a man actually hated democracy and popular finance. Paine, the exception, was ultimately rebuked and scorned by all of the others. [UPDATE: Anyway, Paine wasn’t one of them; I threw him in defensively because consensus-history types like to “include him in” on the basis of “Common Sense,” while including his social/economic radicalism out.]

The difficulty in dealing with our founding battle for democratic economics arises in part because the movement was not against England but against the very American banking and trading elites who dominated the resistance to England. That complicates our founding myth, possibly unpleasantly. Also, it was a generally losing battle. With ratification of the Constitution, Hamiltonian finance triumphed, and people looking to Jefferson and Madison for finance and economic alternatives to Hamilton are barking up the wrong tree, since what those men knew, or even really cared, about finance could be written on a dime. (Anyway, in pushing for creating a  nation, Madison supported Hamiltonian finance down the line. Their differences came later.) When Occupy Wall Street protesters say “It’s We the People!”  they’re actually referring to a preamble, intending no hint of economic democracy, to a document that was framed specifically to push down democratic finance and concentrate American wealth for national purposes. Not very edifying, but there it is.

The Tea Party, meanwhile, has taken up founding economic issues from a right-wing point of view, associating itself with the upper-middle-class Boston patriots (often mistaken for populist democrats) who led a movement against overrreaching British trade acts in the 1760’s and were important to the impulse toward American independence. I’ve written fairly extensively about where and how I think the Tea Party goes wrong on the history of the founding period. But at least they’re framing their objections to current policy, and framing the historical roots of their ideas, not mainly in cultural but in economic terms.

Like it or not, though, it is Occupy Wall Street that has the most in common, ideologically, not with those Boston merchants and their supporters but with the less well-known, less comfortably acknowledged people who, throughout the founding period, cogently proposed and vigorously agitated for an entirely different approach to finance and monetary policy than that carried forward by the famous founders. Continue reading

“Constitutional” Conservatives v. “Constitutional” Liberals

Charles Rappleye, in an op-ed published by the L.A. Times on August 12 (I just caught up with it via the Bangor Daily News), might seem at first glance to be saying pretty much what I’d been saying in my New Deal 2.0 post of August 1 (also on AlterNet and Salon) regarding the framers of the Constitiution and the issue of public debt — a subject especially relevant to specious Bachmann/Norquist/Tea Party efforts to construct balanced budgets and zero debt as constitutionally essential.

Liberals will tend to like Rappleye’s piece for suggesting that enlightenment minds of the kind liberals admire had a logical, well-informed rationale for founding the nation on a public debt supported by taxes. The piece thus flies in the face of certain right-wing preconceptions, and it may be taken as giving modern liberalism at least as strong a claim as the Tea Party’s on the founding generation’s values regarding financial issues so hotly debated today.

But beyond noting that contrary to the populist right’s view, the Constitution was in fact created largely in order to fund a national debt via federal taxation (an assertion outrageous enough for Constitution-romanticizers both left and right), Rappleye and I take directly opposing views of the significance of that founding debt, and especially of the domestic goals of the confederation Congress’s financier, Robert Morris, a mentor of Alexander Hamilton, in yoking a large public debt to national aims, indeed to the aim of having a nation at all.

Employing a tone of knowledgable, disinterested, slightly amused, “above the fray” superiority, which I find all too typical of commentary that we might  borrow a term from Leslie Fieldler and call “liberaloid,” Rappleye must lionize Robert Morris (Rappeleye is the author of a Morris biography that does so on a larger scale), playing up certain features of Morris’s goals and ideas, downplaying others, and declining to give the economic context that, from a modern liberal point of view anyway, would substantially darken the Morris-Hamilton founding-finance story. Continue reading

The Constitution: Historically Complicated, Politically Ambiguous

In my discussion of U.S. founding history with Tea Party leader Michael P. Leahy, at the Broadside Books blog “Line of Fire,” we’re homing in on two opposed ways of looking at the U.S. Constitution. Leahy sees the document as what he calls a secular covenant; he says the Tea Party (at least his branch of that movement) wants to get back to the plain meaning of the Constitution, as ratified and amended, and he sees Alexander Hamilton — rightly, as far as I’m concerned — as one of the chief early originators of liberal and expansive readings of the document. In his latest post, Leahy presents Hamilton’s opponents Madison and Jefferson as the Constitution’s defenders, Hamilton as its usurper, and ends by posing me the two highly germane questions in italics below, which I begin by answering in my response, set out here in full:

Michael,

Great questions. Short answers first.

1. Do you agree with my broad view of Madison and Jefferson as the defenders of the Constitution and Hamilton as the usurper? No.

2. Do you agree with Jefferson’s statement that Hamilton’s financial system was “a machine for the corruption of the legislature?” In certain ways, yes, of course it was — but I think it’s important to a) interrogate TJ ‘s description in its political context , and b) assess the politics of your second question in terms of the first.

Here’s why: Continue reading

Hamilton vs. Madison (on the Central Bank): A Banal Dichotomy

My latest post in the New Deal 2.0 “Founding Finance” series [UPDATE: Not the latest any more — new pieces there on what really went on at the Constitutional Convention, and on John Adams’s calling Paine’s “Common Sense” “a crapulous mass” — but issues here are germane to that too] addresses, in part, the distortions that occur when well-regarded historians keep rehearsing the same old conflicts between great men, like that of Hamilton and Madison over the constitutionality (or not) of the central bank. It’s not just that the banal dichotomies are boring: they misconstrue — serve the purpose, I think, of misconstruing! — what was really going on.

Madison and Hamilton were arguing at cross purposes, speaking different languages — but that becomes clear only when the history that many historians leave out gets forced back into the picture. Hamilton’s main targets in proposing a central bank were the democratic populists I discuss in the post, the popular-finance movement that had long been obstructing elite, nationalist high finance. Madison, in fighting Hamilton on the bank, was not arguing on behalf of democratic finance or even acknowledging its existence — anything but. He had another agenda, which left even Hamilton himself more or less bewildered by Madison’s constitutional objections to forming the bank. And they really don’t make much sense.

Hamilton and Madison had ceased to understand what the other was doing, and what the real subject of their disagreement entailed, so their argument is lopsided, goofy, and weak — in a certain realpolitik sense, absurd. Yet it gets taught and is now fully constructed as the titanic, founding clash between fully articulated constitutional philosophies. Then we have to read book after furrowed-brow book carefully “explaining” it all to us, yet again, to no purpose at all.

Here’s the thing: a tendency in the country in the 1780’s toward populist democracy, dangerous to the constituencies of both Madison and Hamilton, got quelled at last by the Constitution they collaborated in pushing through. The Constitution in that sense represents a huge and probably deliberate mutual misunderstanding between opposing agendas that had shared a temporary need to stop a third agenda. Those same two constituencies have now spent the past 200+ years being shocked and horrified by the other’s position. In the meantime, the third constituency, which the unhappy Madison-Hamilton alliance had been formed to crush — working-class democracy, with its own finance theories — gets left out of the story, making us at once historically impoverished, by not knowing about financially savvy alternatives to elite finance in the founding era, and historically bewildered by how the Hamilton-Madison fight really got started in the first place.

In the absence of the real politics and economics, the fight seems purely intellectual. Yet we give it immense weight. We prefer the intellectual, even when it paralyzes us in partisan gridlock, over the founding reality, since the reality is unedifying for being so aggressively undemocratic. But maybe if we accepted the reality, we could get over it.

And just in terms of the endlessly banal binary of liberal vs. conservative philosophies, the distortion of leaving out the third politics, which Hamilton was directly attacking and Madison was busily ignoring, enables us to distort both men’s positions. Do the lefty liberals who have recently rediscovered Madison, and want to grapple him to their souls with hoops of steel, really not get that liberal interpretations of the Constitution, from which come all social-policy victories that lefty-liberals like, are based on Hamilton’s rebuttal of Madison’s conservative reading of the document during the central-bank dispute? You may not like Hamilton’s regressive economic policies — deliberately regressive, I always like to insist — but there’s no help for that in Madison. His critique of Hamilton came, in economic and social-policy terms, entirely from the right.

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Chernow Gets It Right

Nobody has been more critical than me — this statement may even be true — of Ron Chernow’s biography of Alexander Hamilton. Yet Chernow’s Sunday NYT op-ed on the fruitlessness of appealing to the founders for support in contemporary politics could not be more spot on, from my point of view. I won’t discourse on its many virtues of clarity, detail, and logic, just say that I think it’s “must” reading for everyone across the political spectrum who is concerned about the role history can (and can’t) play in framing public debate. Chernow is in a position to put the matter so much less fractiously than I’ve been doing, thus probably far more persuasively, and he has a huge audience that crosses political divides. His weighing in on this issue might actually do some good, and that would be a big help in these wild times.

The Chernow from whom I’ve dissented of old does make an appearance in the final graf:

No single group should ever presume to claim special ownership of the founding fathers or the Constitution they wrought with such skill and ingenuity. Those lofty figures, along with the seminal document they brought forth, form a sacred part of our common heritage as Americans.

Huh? The rowdy, ruthless infighters Chernow has evoked everywhere else in his piece, where he constantly reminds us of their gritty humanity, now suddenly turn into the “lofty,” “sacred” figures of misty-eyed cliché? For a brief and bad moment, it’s as if we’re supposed to assume the usual supplicant position and just be sure to keep our grubby hands off some holy, ingeniously wrought grail.

Hell no. Hence fractiousness.

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