The Hamilton Scheme: An Epic Tale of Money and Power in the American Founding w/ William Hogeland

On this edition of Parallax Views, historian William Hogeland joins the show to discuss his book, The Hamilton Scheme: An Epic Tale of Money and Power in the American Founding. Hogeland offers a critical examination of Alexander Hamilton, challenging the romanticized image of this influential Founding Father. The conversation explores Hamilton’s ambitious economic plans and his efforts to consolidate power through financial institutions, shedding light on the often-overlooked power struggles that shaped the early United States.

As previously noted, Hogeland challenges the romanticized image of Hamilton, popularized by the hit musical Hamilton, and critiques the "Cult of Hamilton" that has emerged in recent years. The discussion explores Hamilton’s consolidation of power through financial institutions, his alliance with figures like Robert Morris—another Founding Father of the United States and a war profiteer—and the class struggles of the founding era, positioning "The Hamilton Scheme" against the working class of the era.

Additionally, Hogeland critiques mainstream liberal "Obamaist" civics and the dominance of Clinton-era Third Way neoliberalism in the Democratic Party, particularly during Barack Obama's presidency, when economic policy was heavily influenced by figures like Tim Geithner. In this conversation, you'll find out how Hogeland views his book as "implicitly a thoroughgoing critique mainly from the left of mainstream liberal Obamaist civics regarding the US founding". The discussion also touches on the progressive vision of 18th century Christian, farmer, and activist Herman Husband, a stark contrast to Hamilton’s economic ideas, and how historians since WWII, like Douglas Adair, have downplayed class-oriented interpretations of America's founding in favor of the ideas and virtues of the Founders.

 

We'll also discuss Hamilton's vision for an activist government vs. Herman Husband's vision for an activist government, Gore Vidal's take on Alexander Hamilton in his historical novel Burr, the neocons and Clinton Democrats that have embraced Hamilton in recent decades, neocons vs. paleocons/liberations on Hamilton, Charles Beard and revisionist historians on the American founding, and much, much more!