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Transcripts For CSPAN3 20120129

without issue. and you i don t know about that. we re still here. the wigs and then but there isn t an actual continuity. that s right. there s a break and a gap. one of the things that motivates them is their alarm at the financial program of alexander hamilton. they re terrified. they re terrified. you say, and i think rightly, that there s a healthy dose of paranoia in this terror, but i think you scant or you don t sufficiently credit the newness of such financing. this is coming from a hamiltonian. it really comes from dick silla who spoke here before and he opened my eyes to this. there was a revolution in the understanding of debt and how it might be financed. it was in the late 17th century in holland and england, they were the first two countries countries to get with this. france danled with it, with john law, and it blew up and they said never again. backed off. so by the 1790s there are two countries in the world still, holland and england,

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