Washington’s Whiskey Woes

Cross-posted from the New Deal 2.0 Blog. by William Hogeland Despite claims to the contrary, the Whiskey Rebellion was no anti-government crusade — it was a battle for progressive taxation and regulation. The seething social, political, and economic struggles over public and private finance that marked our founding period came to a head in the late […]

Our First Fat Cat Banker — and the Financial Scandals of the American Revolution

Cross-posted from the Roosevelt Institute’s New Deal 2.0 blog. Originally published Monday, March 14, 2011. by William Hogeland In founding America, as today, it could be hard to tell a finance policy from a finance scandal. Robert Morris, our first central banker, was the richest and most influential merchant in founding-era America — “financier of the American […]

Democratic Finance v. Banking Fraud in Early America

Cross-posted from the Roosevelt Institute’s New Deal 2.0 blog. Originally published Monday, March 7, 2011. by William Hogeland Ordinary 18th-century Americans fought for fair access to small-scale credit and usable currencies. Big finance fought back. Calling modern banking “a widespread fraud,” Rob Burns wants to push the finance industry out of everyday lending. A candidate for […]

Foreclosing the Foreclosers, Early-American Style

Cross-posted from the Roosevelt Institute’s New Deal 2.0 blog. Originally published Monday, February 28, 2011. by William Hogeland Memo to Tea Party: The major social battle raging during the time of the American Revolution was over the proper uses of money and credit. Not getting government out of the economy. “I got debts that no honest man […]

Sarah Palin and Michele Bachmann Would Call 18th-Century Philadelphia Freedom Fighters ‘Un-American’

Cross-posted from the Roosevelt Institute’s New Deal 2.0 blog. Originally published Monday, February 21, 2011. by William Hogeland In a brand new series at ND 2.0, “Founding Finance”, author William Hogeland challenges Tea Party myths about the early days of our Republic and reveals the rich progressive tradition of Americans fighting for economic justice. At a […]