as thomas jefferson famously remembered, alexander hamilton nefarious schemes. all right. day we will remember hamilton is the archetype of many of financial institutions. the original innovator of many of the financial institutions that gave birth to the market revolution and the industrial revolution. but jefferson and madison would have derided him until last days as the great enemy of self-government. this reading of history and philosophy undergirds the jeffersonian republican opposition. all of hamilton's plans, all of his major economic proposals between 1790 and 1792, the republicans come back to these ideas again and again. but i want to focus on one of the most significant points of and it is here i think we can identify a durable durable tension and that's the bank of the united states chartered in 1791 the bank of the united states was modeled on the bank of england. it was privately owned corporation, chartered by the government, holding tax revenues available to lend the government money, but otherwise to engage in the principles of fractional reserve lending

alexander hamilton and the in te federalist papers said hamilton's eight lead justices in the hilton■s understanding as well. it's basical a you. i did not give a full account wl have a conversation the client is wealth more like land hat but my friend david is not cheap he's at nice guy. we are frien. he's more of a conversation in the debate. i actually identified some strong arguments for not a really, rlleg it is upside down. we wl and pay less in their kind of fair share per capita. be harder to bring in revenue especially when there war in the ship cannot come into he in income tax at least the first time around commitment be retroactive.■t provide as a practical matter that is a lot is the congealed income past income. with today's wealth. exit dean into you agree it's >> definitely not all about slavery. i disagreed with what alive he justaider income to the defensive james mattis if you [laughter] quick support james mattis could use some defending, that isjustm in agreementh income turning ino wealth my view paid nothing for stock 20rs ago. decide to sell itcx tomorrow ths d

who was of course superintended of finance during, the articles of confederation and, alexander hamilton instance, one of robert morris's justifications for proposing a landas its anticipated effect on reducing economicat the burdens of a land tax fall hardest on owners of large ax would incentivize property owners to sell new for americans in the lower classes. he explained, quote, a tax would have the salutary operation of an agrarian law without, the inequity by which he meant of forced redistribution. it would relieve the indigent and aggrandize the state by bringing property into the hands of those who would use it for the benefit of society. and morris's protege, hamilton, similarly took a progressive when it came to taxation. both in the tax policies he promoted in new york and also the tax policies he promoted at the national level. you him calling for exemptions of the poor and the graduated of taxation, and in particular taxes on luxury items would have been bought only by those at the very top. now, whether these and other examples, i think what these and other examples show i

urrect john marshall right now he listen to alexander he holds hamilton in awe and hamilton ows his stuff>> no unforced i do not have that. it has that magic power i wish thatleslie breaks the fourth why can't real life be like this? because it is not. hamilton at philadelphia and going to read it again. this is his account of what should be taxes on land, houses and other real estate and capitation taxes. the words do not say that but that's hamilton and he is gone through. there are seven federalist he said taxes on landnd nothing else. then he argues hilton. it is true in some notes he says something seems to go a little broade i talk about this because i've known about it forever brief which i would like you to read i tak the following position. i am highly doubtful these early notes reflect what he actually said in oral argument. and i will tell you why. because at oral argument people played hooky just to leaves to see if all the diplomats come beca even then. this is the only oral argument he ever makes. the supreme court justices unanimously back him contra jefferson was not even

>> let's go back to alexander hamilton. alexander hamilton release and n terrorts reasons.tting up the treasury there was no real revenue. tariffs up into world war i tariffs were the main source of revenue. he believed in tariffs to generate revenue and to protect u.s. industry. i would add a third reason for tariffs it is negotiating.iven n credibility and what he's done in the p past on tariffs we may not have to get to tariffs. but the threat of tariffs will change the quality and the fairness of a lot of historically portrayed deals. president trump, are very focused on the trade deficit. they talk about a function of bad trade agreements. i think the tariffs are one way to remedy that. but i think anyone with an economics and background will also tell you the trade deficit comes from the budget deficit. and from that level of the currency. this interaction and the calculus betweenac the three. so i believe in a conservative agenda tariffs and to have a place. but i think it is part of the calculus of all of the tools in the toolkit.ne who might be among the world's le

james madison was 25 years old and alexander hamilton was just 19.e that our now they were taking onsts went and picked up their personal rifles to fight for freedom. if they we can do what we have to do this(+ cycle, can't we? we can do it. ben franklin reminded them of the job. said at the time, we mt hang together or modelingsy, weg separately. ey kw gave us the greatest gift in human history, the experiment of a republic if we can keep time and not lose it on our watch, ok. be all in with me. i will tell you one last story before i leave. years ago, i had ap to me and said my name is sherre but i own a pearl said really? pearls? she said it is the only precious all others are created butving pearls is created by a living creature. the to go through something hard and-ú is uncomfod challenging tore itthat hard chd turns it into soth something precious. since that day i have won a pearl somewhere on me that life cabe hard. there can be challenges. people will attack you and you have seen a tax on me. i think they are attacks will come but i will tell you thing if you take the hard

he wrote the declaration of independences at the afge o james madison was 25 years old and alexander hamiltonas just 19. it's incredible that our founders were that young and gave us that gift to this. now they were taking on the strongest military in the world and knows picked up their personal rifles to fight for freedom. if they can do we can do what we have to do this cycle can't we? we can do i ben franklin reminded them of the job. he said at the time, must hang together or modelings suredly, we will hang separately. thhe risk. they gave us the greatest gift in human the experiment of a republic if we can keep now is the time and not lose it on our watbe all in with me. i will tell you one last ory leave. years ago, i had a lady walk up to me and said my name is sherry and she said you don't know me but i own a pearl said really? only sell pearls? she said precious gem that is made from a livin all others are created but pearls is created by a living creature oyster has to go through something hard and causes pain and is uncomfortable and challenging tore it that hard challenging thing

like most of the federalist papers by alexander hamilton was titled the judicial department.erous branch to the political right enumerated in the constitution because quote, it will be the least in a capacity to annoy or injure ■ç them. the judiciary has no influence over either the sword or the purse, no direction either of the strength or of the wealth of the society, and can take no active resolution whatever. it may truly be said to have neither force nor will, but merely judgment. end quote. merely judgment. that is how hamilton tried to threaten the -- threaded the needle on independence. that justices should be an elected and serve lifetime appointment so they can operate irrespective of politics. that was the check against congress and executive branch. the balance against an elected lifetime judges, would be their inability to actually enforce their own decisions, ■çneither sword nor purse, neither force nor will. the idea was that justices make the rulings but it is up to the other branches of government, the president and congress to enforce them. the power of the

american continent populated by a sturdy and jeffe, the jeffersonians fundamental lee opposed alexander hamilton'sringboard to creating american version of the commercial revolution, similar to what had already been taking place in great britain, hamilton's plan included a a system to pay off the national debt, to assume the debts of the state and above all, the the united states. insofar as we take these as components of the sort of commercial revolution that is a necessary component of modern and i think we should then the jeffersonians have to be at least somewhat skeptical and useful once at that. i think even here in 2024 four they illuminate enduring tensions between the principles of a free market and those impulses side of a republic excuse me of equal citizens. the jeffersonians had. a narrative built on both philosophy, their understanding of history no less an eminence than aristotle believed that the ideal body politic was one probably to be dominated by the 's most to avoid the twin disasters, democratic tyranny and oligarchy. and in america, in the late 18th century, if you were thin

imagine thomaseffers starting an entire nation at the age of alexander hamilton was a decade youngerstill. think about the foreign didn't displace our interest -- didn't serve our interests.tr of dollars of national debt your you have to take it on to say, you're goi bears the responsibility for getting us out of this. if our founding fathers could do it in 1776, it is just as true today that it will take somebody like you life are still ahead of you, to see a are still ahead of itself. and if you do, then will actually still be ahead of us. good luck. thank you for coming. [applause] >> good afternoon, michigan. good amp vivek. i want to sayd social media tiktok, youtubing everything you a wonderful job getting your message out to the youth, younger demographic. to the broader conservativeen to better grasp that younger demographic of the country? vivek: here's what i see. aipg lot of them are actually -- i done say this derisively i just think it's true. i of interfacing with people from the next generation. and we've got to realize is both sides of that have some in this country r

. >> guest: alexander hamilton had tariffs for two reasons when he se no real revenue so tariffs up untilenue, generate revenue and to protect nascent us industry. i would 1/3 reason for tariffs, it was negotiated.ek and would change the quality and fairness of a lot of @átra. donald trump, ambassador lightheiser were focused on the trade deficit. a function of bad trade refs are way to remedy that anyone with in econ a tell you the trade deficit comes fromur bge this interaction between the three, i believe in the agend have a place but i think it is part of a calculus of all the >> host: you are among the leading experts on currency fluctuation. going back to the reaga a numb -- >> there are ups and downs. no you see a large scale currency tool for the next administration. scale currency innovation but we have to have back to the 80s and 90s where there is a large-scale coordination between fiscal, monetary with the chinese and a lot of these systems, excess reserves being accumulated and it tells you the initial trade agreement is not right, the level of currency is being suppressed, a

>> let's go back to alexander hamilton. he believed in terrorist for two reasons. when he was setting up the treasury, there was no real so tariffs, up until world war i, were the main source of revenue. he believes tariffs will generate revenue and to protect nascent u.s. industry. i would add a third reason for tariffs, and it is negotiating. so i think that, given donald trump's credibility and what he has done in the past on tariffs that we may not have to get to tariffs, but the threat of tariffs will change the quality and the fairness of a lot of historically more trade deals. president trump was very focused on the trade deficit and they talk about a function of bad trade agreements, and i think tariffs are one way to remedy that. but i think anyone with an economics background will also tell you that the trade deficit comes from our budget deficit and from the level of the currency. there is thiseraction and the calculus between the three and i don't think -- i believe in a conservative agenda tariffs do have a place, but i think that it is part of a calcu

alexander hamilton younger still. think about the foreign wars that didn't displace our interest -- didn't serve our interests. the trillions of dollars your generation bears on its shoulders. you ve to take it on to say, you're going to be the generation to bears the responsibility for getting us out of this. if our f fathers could do it in 1776, it is just as true it will take somebody like you whose best days in life atif you, to see a country whose best days e stahd if you do, then i'm confident our best days of us. good luck. i'm excited for you. thank you. thank you for coming. [applause] >> good afternoon, michigan. good amp vivek. i want to say your media and tiktok, youtubing everything you do, you've done message out to the youth, to kre the younger demographic. to the broader conservative audience what can they do grasp that younger demographic we all know is so important for the future of the country? vivek: here's what i see. aipg lot of them are actually -- i done say this derisively i just think it's tr

and so when we meet george washington and alexander hamilton and thomas jefferson and john jay in the for your country?" we better have a darn good answer to give them. at is my ask to everyone of you, is what sacrifice are you really should make for this country? many of you have lived the i have. my parents came to this country with no money 40 years ago. i have gone on to found multi-billion dollar companies , and did it while marrying my wife who lives the american dream, she is a throat surgery and saving lives every day. i speak for my wife and myself and i think every parent in this room when i say, the real inheritance we want to give ourj kids isn't just a bunch of green pieces of paper. it is a country greater than the one we inherited. the one hour founding fathers gave us. that is the one that will take sacrifice. [applause] we have grown as a country so accustomed to celebrating our diversity and our differences. that we forgot all of the ways that we are really t same. as americans. ideals. e pluribus unum. it's on the bottom of every one of our coins. we forget that som

marshall we have a letter, for example, from bush rod to alexander hamilton saying, gee, n you us someolutionary wars d in trying to make sure accurate? bush i'd worked on the maps and illustrations are now this also happened in reverse. bu washington wrote a two volume set of appeals and later on he did revised edition and he asked, can you go to the courthouse in richmond and check details on this case for me to make sure that i've got it right? and marshall says, okay. and iéj■% was that was rather fd of seeing that because. it's like, oh, john marshall was the site checker, you know, a research assistant for somebody now, in effect, bush editor on e washington books. marshall, as much in the introduction or dedicae book anf letters from bush rod to their describing their working process. is this how th might have on some opinions together? it's impossible to because none of marshall's survive. andarshall didn't, at least for anything, survive. ing describe hg process. however, there are some clues at suggestive. i mean, one is that we know that washington collaborated a stor. so it

alexander hamilton, james gandolfini. >> stephen: connie chung. james fenimore cooper.aughs but it's a big deal. >> jon: vince lombardi. frank sinatra. >> stephen: this is old home week for you because before you were, you know, bon jovi, you worked at a recording studio right around the corner called power station. 53rd street around the corner. how old of a guy were you? >> jon: 18, 19, 20. >> stephen: did you see stars coming in? >> jon: it was the biggest recording studio in the world at the time. i was a gofer. i was the guy would run out and get orders. yes, the biggest. the stones, and one day i looked through the control room door and i watched david bowie and freddie mercury sing "under pressure." >> stephen: no way. >> jon: i was there. i saw them sing that vocal. i was getting out of a taxicab and paying with change. my band was getting out of the cab. >> stephen: before rehearsal. i understand. >> jon: and literally the rolling stones were getting out of a limousine behind us and a paparazzi jumped out of a garbage can, a big flip over garbage can. started t

david: hamilton, alexander hamilton. the maybe somebody like that. and you were there, you saw him.ou're talking about. [laughter] i am david asman in for elizabeth macdonald.

david: hamilton, alexander hamilton. the maybe somebody like that. and you were there, you saw him. you you know what you're talking about. [laughter] i am david asman in for elizabeth macdonald. "the evening edit" starts right now. ♪ david: breaking news, judge juan merchan has partially lifted his very controversial gag order on donald trump's ability to talk about his new york hush money trial and conviction. this coming as the former president is gearing up for cnn's presidential debate. that's on thursday, of course. since president biden and the cnn moderators will undoubtedly bring up the conviction, the unfairness of gagging president trump's response in a presidential debate seemed grossly unfair. but what does a partial lifting of the gag order mean? will the former president be able to raise questions in the debate about whether the trial was coordinated in any way with the current president's justice department? particularly, by the way, since the number three man in biden's doj was brought in specifically to help prosecute the case. a lot of questions leading up to the

madison was 25 years old and alexander hamilton was just 19. incredible that our founders were that young and gave us this country they were taking on the strongest military in the and knows colonists went up their personal rifles to fight for freedom. if they can doe ca do this election cycle we? we can do it. ben franklin reminded them of the job. he said at the time, we together or modelings suredly, we will hang separately. they knew the risk. they gavus greatest gift in human history the experimen a republic if we can keep it. and ne and not lose it on our watch, ok. be will tell you one last story before i ago, i had a lady walk up to me is sherry and she said you dme but i own a pearl store and i said really? why do you only sell pearls? she said it is the onlygem that is made from a living creature. all others are created but pearls is created by a living creature. the oyster has to go through something hard and causes pain and i challenging tore it but takes challenging thing and turns it into something ething precious. since that day

so of the tax power and the big winner today is alexander hamilton, because he devised a broad tax power. he argued a case in the supreme court, most important kaitlan case. he ever argued before. john marshall is chief justice called hilton, and i'm just looking king at the opinion right now. you're actually talking about the hilton case, which is in this amicus brief, if our audience wants to see more, we've got i've got a free podcasts. they can listen to it. >> very good. >> what about the emergency abortion care case? >> we could see that decision and come down even today. >> they're not done for today. >> the first case has come down. >> they tend to space them out every ten minutes, right. so we could see i'm guessing two maybe even three other cases just today, at least one more probably. but but but but maybe two or three when we're coming up on the two-year anniversary of the dobbs decision, and we saw the medication abortion decision come out last week. this emergency abortion in care ruling could have major implications though, depending on where the justices come down, it's

appointments p senator mitch mcconnell helped delivering that by jury-rigging the wars, by ignores alexander hamiltonneutral, the nonbuysed court. that is why, even amongst some conseratives that the supreme court has such a low approval rating. it is because the court system itself is supposed to follow its own precedent. what we're seeing is the politicization of the court. i think what was so important and is so port to the civil rights coalition that i'm fortunate to work with and for, is to say we have to have binding ethics. we have to have structure reform that ensures we go back to a court system working with the judiciary committee that says it benefits all of us, no matter the party, when we have judges and justice says we'll make decisions based on our case law and constitution, and without with regard to political leaders ease desire to stay in power, but make more democracy destined. quote -- career criminals rarely stop unless they're apprehended and punished. sociopaths never develop a content. we don't know the exact details, but we know he's planning for 2024 involving undermining th

one of the most notable figures was alexander hamilton, born in nevus, whose vision and intellect helpedmic future. during the 20th century, shirley chisholm, the daughter of immigrants, emerged as a trail blazer in american politics. during the same time, malcolm x, whose roots trace back toa wanta and wanted a equitable society. and barriers as the first hispanic united states surgeon gen. improve health conditions and access to medical care, particularly for women, children, and underrepresented communities. finally, we celebrate the cuban born celia cruz, also known as the queen of salsa. cruz not only captivated audiences also enriched american music by popularizing salsa, creating cultural bridge that we continue to enjoy today. in my home state of florida, the historical significance of the caribbean americans is the earls of caribbeans arrived in florida and played a crucial role in developing industries such as agriculture and tourism which remain vital to florida's economy today. for example, the construction of the overseas railroad in the earlyj÷ 1900s was made possibley the

. - alexander hamilton didn't think we should have political parties. neither did john adams.e socialism that you've been waiting for... - the manchurian candidate couldn't destroy us faster than barack obama. - critics now claim the administration is actually pressuring certain disabled veterans to, quote, "hurry up and die." - what you saw in the media universe in the 2000s was the splintering of the audience, and in news, it splintered largely along political lines. - you're watching fox news, real journalism, fair and balanced. - roger ailes had the brilliant idea of creating a network for conservatives, thus fox news. - controversy over john kerry and his vietnam war medals has just gotten worse. - msnbc kind of stumbled into the idea of a liberal counterpart. - people who watch fox news thinking that there is news in it are tinfoil hatters, conspiracy theorists, paranoids, racists, loons, and pinheads. - there was no longer a shared factual basis for our political views. we didn't all go home and watch walter cronkite. - "crossfire." on the left, james carville and paul