“As far as Hamilton, the banks and internal improvements, contrary to Professor DiLorenzo, I think, and several other people have thought, that Hamilton was the greatest Secretary of the Treasury we ever had. The assumption of the debts of the states, and the funding of the debt through the bank produced an enormous prosperity in the country, and this was all done under Washington’s administration. And if you want to speak of Federalists and people supporting the Federalist economic agenda, the first one of them was George Washington.”

2000s, The Real Abraham Lincoln: A Debate (2002), Rebuttal

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Harry V. Jaffa 171
American historian and collegiate professor 1918–2015

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“The art and mystery of banks… is established on the principle that 'private debts are a public blessing.”

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