Sunday, February 26, 2012

Analysis: What Europe can learn from Alexander Hamilton

ALEXANDER HAMILTON BUST AT SITE OF FAMED DUEL.LONDON (Reuters) - He was born out of wedlock, stained his reputation with an extra-marital affair and was mortally wounded in a duel. In between, U.S. Founding Father Alexander Hamilton, the first Treasury Secretary, laid the foundations of a modern financial system by establishing a national bank, securities markets and the mint. Crucially, the soldier turned political philosopher also knitted his young country together by having the federal government assume state debts incurred during the American Revolution in return for being granted expanded fiscal powers. ...


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