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Transcripts For CSPAN3 20120128

role in the politics of the 1790s and the first two party system. which is the republicans who were now the democrats and the federalists who died without issue. well, i don t know about that. but we re still here. the wigs and then but there isn t an actual continuity. there say break and a gap. okay. and one of the things that motivates them is their alarm at the financial pranl of alex ander hamilton. they re terrified. and you say and i think rightly that there s a healthy dose of paranoia in this terror. but i think you you scan or you don t sufficiently credit the newness of such financing. it has come from someone who spoke her before and he opened my eyes to this. but there was a revolution in the understanding of debt and how it might be financed. it was late 17th century where the first two countries to get with this. france dabbled with it with john law. he said never again. backed off. by the 1790s, there are two countries in the world still, holland

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