Another good article up on Supply-Side Forum, this one about Alexander Hamilton.
My favorite quote is:
The end of fighting was only the beginning of the struggle of the new country, faced with a worthless currency and dismal credit rating. John Witherspoon, President of the College of New Jersey, later Princeton, and a signer of the Declaration of Independence, described it well: “For two or three years we constantly saw and were informed of creditors running away from their debtors, and the debtors pursuing them in triumph, and paying them without mercy.”
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