A Critique Of The "American System" | Hn 238

On this crossover episode, Adam Haman and economist Bob Murphy talk about the strange resurgence of "The American System" (or elements of it) that originated with Alexander Hamilton and was pushed forward notably by Henry Clay and Abraham Lincoln. What is it? Is it good in any way? Answers inside!00:00 — Intro. Let's talk about increases of the money supply since 2020 and Hamilton's unique financial system. Also, what's with Adam's face?03:34 — Many influential people have claimed that 80% of all the money currently in circulation in the US was created since 2020. What's the truth of that claim? True? Hyperbolic? Confused?20:50 — Introducing an interesting article written by Joe Withrow of phoenicianleague.com about The American System. What's it all about?24:47 — Adam reads the intro to this fascinating article. Bob gives his remarks.35:17 — Plank 1 of The American System: National Banking.44:28 — Plank 2: The National Government Assuming State's Debts. 47:22 — Plank 3: Protective Tariffs.51:00 -- Plank 4: Productive Credit.1:01:00 -- Plank 5: Public Infrastructure. 1:04:54 — More criticisms of The American System not addressed by this article.1:12:00 — Outro and final thoughts. Thank you for supporting Haman Nature!Sponsor mentioned: https://scotthortonacademy.com/crossoverArticle mentioned: https://phoenicianleague.com/the-american-system-the-blueprint-that-turned-the-colonies-into-a-superpower/Haman Nature Merch Store: https://shop.hamannature.comAdam on X: https://x.com/Rerazer Bob on X: https://x.com/BobMurphyEcon The Bob Murphy Show: https://www.bobmurphyshow.com/ Adam’s other show: https://naturalorderpodcast.com This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hamannature.substack.com/subscribe