President Trump has repeatedly expressed his admiration for Republican President William McKinley, highlighting his use of tariffs as a model for economic policy.
Free Trade, like the Free Market, is a myth. Both are manipulated by lawmakers corrupted by campaign investors looking for a rate of return on their investment, like every other investment they make
The problem lies not only with the 36 trillion debt bubble but also with a lack of government Credit. But first Trump needs to restore Glass-Steagall and cancel derivatives held in commercial banks. The commercial banking system must become free of Wall St and derivatives while simultaneous government directed Credit is aimed at building and modernizing U.S. economic infrastructure. Trump will not restore mfg without modernizing our collapsing infrastructure. Trump can show Americans he means business by getting the shovels in the ground, now. .
Thanks, excellent point! Though how to pull that off is another question. There is a theory that Trump et al. are purposely crashing the overleveraged economy to bring down the speculators, but that could bring on the Great Taking. Nail biter!
When McKinley was president, American industry was booming, tariffs would protect the local market to the benefit of industrial growth.
Currently US industry is in a very bad shape and supply chains are global unlike early 20th century. Hence no way to compare impact of tariffs in 2025 with 1900.
The haphazard tariff implemented by Trump will have a destructive impact on the US economy.
This is what I learned in school, but there's a different version of events backed by primary sources here presented by historian Sam Labrier: https://youtu.be/ZE9v9DZbpGU?si=Akb--9U5E3YSNMs2&t=4856 Attitude of tariffing everything used to be called "the Democratic Revenue Tariff, not a protective tariff" (that's where timestamp will take you).
Here's a short sample of the presentation:
...quote from McKinley which I really like:
"Under free trade the trader is the master and the producer the slave. Protection is but the law of nature, the law of self-preservation, of self-development, of securing the highest and best destiny of the race of man. [It is said] that protection is immoral…Why, if protection builds up and elevates 63,000,000 [the U.S. population] of people, the influence of those 63,000,000 of people elevates the rest of the world. We cannot take a step in the pathway of progress without benefiting mankind everywhere. Well, they say, "Buy where you can buy the cheapest”…Of course, that applies to labor as to everything else. Let me give you a maxim that is a thousand times better than that, and it is the protection maxim: “Buy where you can pay the easiest.” And that spot of earth is where labor wins its highest rewards."
So this is a key feature of the American Protective System that it was encouraging a very high wage economy. Trading in raw materials, typically you’re trading at very low prices. You’re able to gain much higher prices for value added; and that value added typically comes from taking the raw materials and making something out of it [industry]. This is difficult for people to do without making that big investment in industry. And so as a consequence, from the time of Alexander Hamilton it was recognized that the encouragement of this economic system encouraged a very high wage economy. McKinley is saying, okay maybe the products are not as cheap because we have the protective tariff, but people are making a lot more money! So they’re able to pay the easiest. That spot of earth is where labor wins its highest rewards.
McKinley is really the ultimate continuation of the Lincoln legacy. In this period we’ve gone from Lincoln to Henry Carey to McKinley. Now, with everything Trump is saying in favor of McKinley, can Trump be the continuation of the McKinley legacy, and thus of the Lincoln, the Henry Clay, the John Quincy Adams, and Alexander Hamilton legacy? And that’s going to depend a lot on his understanding of the protective tariff versus the revenue tariff.
...
This sounds a lot like Trump’s words, as well: William McKinley said: “Peace is the national desire, and the goal of every American aspiration.” Trump is echoing the exact same sentiment.
So in 1890 we have a really tremendous period of growth in the United States. We have the McKinley Tariff coming in. But in Germany by 1890, there was the ouster of Otto Von Bismarck. Kaiser Wilhelm II had taken the throne of Germany, the last German emperor and king of Prussia. Kaiser Wilhelm was not a very wise man. He was deluded into thinking that Otto Von Bismarck was bad for his nation and he got rid of him. Bismarck had been making alliances including with Austria and with Russia. The whole idea behind this was ensuring they didn’t go to war; that all the allied nations would be increasingly partners in peace and economic development. This all gets completely undone under Kaiser Wilhelm. It was really one of the key factors leading to World War I: when Otto Von Bismarck was ousted in Germany.
In 1890 in the U.S. the McKinley Tariff was brought in, the highest in U.S. history. The Principle of Reciprocity is also started, which involves the U.S. negotiating with foreign countries on tariffs. The U.S. says “we’re going to put these tariffs on you but we can negotiate: if you can lower your tariffs on us, we will in turn lower our tariffs on you.” This is a new development in the tariff aspect of the American System. The Democrats take control in 1890, and again in 1893 under Grover Cleveland. Then due to the Panic of 1893, the U.S. government is forced to take out a new gold loan from Morgan-Belmont Syndicate to stave off economic collapse. These were gold loans negotiated with the Houses of Morgan and Belmont on Wall Street. By 1894, the Wilson-Gorman tariff reductions were approved and took effect. In 1896, William McKinley publishes his book The Tariff in the Days of Henry Clay and Since: An Exhaustive Review of Our Tariff Legislation from 1812-1896. This is very useful history if you ever want to read it. It’s available online.
There’s a severe economic downturn going on. People are clamoring for change and McKinley is elected President in 1896.
We now see this Boston Brahmin character, Thomas Jefferson Coolidge. Senator Henry Cabot Lodge pushes for McKinley to make Thomas Jefferson Coolidge Secretary of the Treasury and McKinley says “no.” Coolidge’s father, Joseph Coolidge, was a classic Boston Brahmin opium-trading anglophile. So then Senator Lodge recommends Teddy Roosevelt to McKinley for the assistant Secretary of the Navy, and McKinley takes his advice. Teddy Roosevelt then orders navy ship movements down south in the Caribbean that precipitated the Spanish-American War. McKinley often gets called an “imperialist” and gets blamed for the Spanish-American War, but if you research you’ll find Teddy Roosevelt made it happen. Teddy Roosevelt is from New York and is part of the same New York political machine causes many problems.
These quotes were from a speech McKinley delivered to the University of Michigan Republican Club in Ann Arbor, Michigan, May 17: https://aadl.org/node/467217
"The same great fundamental differences divide them; the great ideas came with the creation of the federal government by the convention of 1787. One was the “national” idea; the other was the “states rights” idea, and from then until now they have been fundamental in the creeds of the two great parties. The old leaders are their idols still, and from them they draw inspiration. Jefferson and Calhoun, Jackson and Tilden, are the names most beloved and cherished by democrats everywhere. Hamilton and Webster, Clay and Lincoln, still inspire the highest and best sentiments of the republican party, and are the silent but powerful leaders of republican thought today.
I need not say to you what the world knows, that this country, after nearly one-third of a century of protection, has reached the proud position of being the first in manufactures, first in mining and first in agriculture, and in invention and educational advantages for the masses, of all the nations of the world; that labor is better rewarded; that skill and genius command higher returns, and the great body of the people have wider and better opportunities for advancement than can be found anywhere in the wide, wide world. Protection builds up; a revenue tariff tears down. Protection brings hope and courage to heart and home; free trade drives them from both. Free trade levels down; protection levels up.
We are getting on better than we ever got on during the revenue tariff periods of our history. We are getting on better than any of our sister nations. We have made matchless progress in the thirty-one years of protection and no single year has been more satisfactory than the one just passed. Are we to abandon the policy under which we have advanced to the first rank in development and prosperity? I bid my countrymen pause and ponder before taking the fatal step. Why should we? Let the theorists and doctrinaires answer. What do they offer in exchange; what assurance do they give us of the future wellbeing of our country under their system? Experience, which is ordinarily the best teacher, they discard altogether, for that experience in the history of our own country is a conclusive condemnation of their principles and policy when carried into actual administration. England is the only free trade country in the world. Is there anything in her progress and civilization, great as they are, in the condition of her masses, in her opportunities and possibilities, to invite us to turn away from our ancient policy? No American citizen would exchange what we have and enjoy for what England offers. Does this revenue tariff policy offer more work and better wages, more opportunities for labor and skill and effort…"
So here we see the brief period 1896-1901 (in non-grayed out portion left). You see under McKinley, tariffs rising sharply. Then in 1901 McKinley is assassinated, Teddy Roosevelt comes in and we see leading up to the 1920s just a near constant decline in the tariffs....
_________________________________________________
TLDR: Teddy Roosevelt was a British imperial pro-war stooge. McKinley was great for our economy and for world peace. That's why he was assassinated. He and Otto Von Bismarck respected one another - they'd quote each other. Otto Von Bismarck used McKinley's success as a template for Germany. Quote from Otto Von Bismarck:
in May of 1882, again in the Reichstag, Otto Von Bismarck said:
“The success of the United States in material development is the most illustrious of modern time. The American nation has not only successfully borne and suppressed the most gigantic and expensive war of all history, but immediately afterward disbanded its Army, found employment for all its soldiers and marines, paid off most of its debt, given labor and homes to all the unemployed of Europe as fast as they could arrive within its territory, and still by a system of taxation so indirect as not to be perceived, much less felt.”
Otto Von Bismarck was referring to the system of protective tariffs. This was before there was an income tax in America
Thanks again, ELLEN! Always the solution is for Federal Governments to create and control a Nation's own money-supply. More for this solution (yours for decades) here--https://donpaul.substack.com/p/bankers-wars-secret-societies
Everyone I read says the deficit will continue because DOGE will not cut enough. Why doesn’t anyone just say: ‘ Congress needs to cut spending to eliminate the deficit’?
Congress is responsible for the uncontrolled spending problem and the waste, fraud and abuse!
Our elected representatives in Washington seem to lose all perspective when they go to DC, is it the‘free’ money being passed around there?
Probably the political donations by lobbyists, lots of pressure to conform. They need to cut the military and the interest to make the debt manageable, and no one dares hit those.
"The NEED Act is an escape from debt, from poverty and a path towards economic freedom. If DOGE is looking for real reform, here is where it should focus."
Real Government Efficiency: How to 'Actually' End Debt and Restore America's Financial Sovereignty
In the face of misguided AUSTERITY measures proposed by the Department of Government "Efficiency" (DOGE) here we show how to restore America's PROSPERITY and create a full employment economy
^^this can only happen when people in the U.S. get control of their government, which is out of control and perpetrating genocide with the military led PREP Act, which was only possible because the U.S. is no longer sovereign, but is subsidiary to international finance capital.
"But wait a minute, it seems that Kansas permits citizen initiated grand juries…
Six U.S. States have laws allowing Citizen Grand Juries to be formed by groups of citizens: Kansas, Nebraska, Nevada, New Mexico, North Dakota and Oklahoma.
No doubt there are many Frankenshot victims in those states. Murder charges should be brought by Citizen Grand Juries in those states. Even if the ultimate verdict is innocent, the discovery process will uncover essential truth."
We're not in Kansas anymore, are we?
Oz is the abbreviation for ounce, the standard measure used for gold.
"PREPA’s plain text supports that it confers broad civil immunity, not immunity from criminal prosecution."
On whether the PREP Act confers immunity on government officials and others from state-level criminal prosecution for COVID-19-era wrongdoing or preempts such prosecutions - Part One
The American System of Political Economy that was devised by Alexander Hamilton was based upon a National Credit System (same as Lincoln’s Greenbacks) and Tariffs to protect the fledgling new nation’s nascent industrial development from being crushed by the “free trade” scam system of the British Oligarchy.
The life of Boston-born Benjamin Franklin is generally the leading example historians offer, in arguing that America’s
Founding Fathers owed nothing to the nation-building conspiracy begun before 1630 by John Winthrop’s Massachusetts Bay Colony. According to this typical historical fraud, Franklin rejected his own Puritan past, and modeled himself after eighteenth-century British liberalism and French Enlightenment radicalism. Centuries of lying must again be swept aside.
Benjamin Franklin was Cotton Mather’s most gifted protégé. When he moved to Pennsylvania, Franklin also raised the political banner of Jonathan Swift. In 1737, Alexander Spotswood appointed him postmaster of Philadelphia. Franklin became the crucial link between the in-depth republican citizenry of New England, and the strategically placed, republican elite fostered by Spotswood in Virginia. That combination won the American Revolution; but until now, the real story has never been told…..
Thanks. As Martin Armstrong said in a recent interview, in the 19th century tariffs worked, but the government wasn't paying social security, Medicare, etc. then. Expenses are way too high now for tariffs to replace taxes and debt.
Can they completely fund government? No I don't think so, but they could reduce the tax burden and shift revenue raising partially onto the shoulders of importers. But more importantly, a protective tariff could bring high-wage manufacturing jobs back to the US. The problem is Trump seems to putting in blanket revenue tariffs. The difference is crucial to understand and is explained here:
Free Trade, like the Free Market, is a myth. Both are manipulated by lawmakers corrupted by campaign investors looking for a rate of return on their investment, like every other investment they make
The problem lies not only with the 36 trillion debt bubble but also with a lack of government Credit. But first Trump needs to restore Glass-Steagall and cancel derivatives held in commercial banks. The commercial banking system must become free of Wall St and derivatives while simultaneous government directed Credit is aimed at building and modernizing U.S. economic infrastructure. Trump will not restore mfg without modernizing our collapsing infrastructure. Trump can show Americans he means business by getting the shovels in the ground, now. .
Thanks, excellent point! Though how to pull that off is another question. There is a theory that Trump et al. are purposely crashing the overleveraged economy to bring down the speculators, but that could bring on the Great Taking. Nail biter!
How could we void or otherwise render ineligible these frivolous "derivatives?"
When McKinley was president, American industry was booming, tariffs would protect the local market to the benefit of industrial growth.
Currently US industry is in a very bad shape and supply chains are global unlike early 20th century. Hence no way to compare impact of tariffs in 2025 with 1900.
The haphazard tariff implemented by Trump will have a destructive impact on the US economy.
This is what I learned in school, but there's a different version of events backed by primary sources here presented by historian Sam Labrier: https://youtu.be/ZE9v9DZbpGU?si=Akb--9U5E3YSNMs2&t=4856 Attitude of tariffing everything used to be called "the Democratic Revenue Tariff, not a protective tariff" (that's where timestamp will take you).
Here's a short sample of the presentation:
...quote from McKinley which I really like:
"Under free trade the trader is the master and the producer the slave. Protection is but the law of nature, the law of self-preservation, of self-development, of securing the highest and best destiny of the race of man. [It is said] that protection is immoral…Why, if protection builds up and elevates 63,000,000 [the U.S. population] of people, the influence of those 63,000,000 of people elevates the rest of the world. We cannot take a step in the pathway of progress without benefiting mankind everywhere. Well, they say, "Buy where you can buy the cheapest”…Of course, that applies to labor as to everything else. Let me give you a maxim that is a thousand times better than that, and it is the protection maxim: “Buy where you can pay the easiest.” And that spot of earth is where labor wins its highest rewards."
So this is a key feature of the American Protective System that it was encouraging a very high wage economy. Trading in raw materials, typically you’re trading at very low prices. You’re able to gain much higher prices for value added; and that value added typically comes from taking the raw materials and making something out of it [industry]. This is difficult for people to do without making that big investment in industry. And so as a consequence, from the time of Alexander Hamilton it was recognized that the encouragement of this economic system encouraged a very high wage economy. McKinley is saying, okay maybe the products are not as cheap because we have the protective tariff, but people are making a lot more money! So they’re able to pay the easiest. That spot of earth is where labor wins its highest rewards.
McKinley is really the ultimate continuation of the Lincoln legacy. In this period we’ve gone from Lincoln to Henry Carey to McKinley. Now, with everything Trump is saying in favor of McKinley, can Trump be the continuation of the McKinley legacy, and thus of the Lincoln, the Henry Clay, the John Quincy Adams, and Alexander Hamilton legacy? And that’s going to depend a lot on his understanding of the protective tariff versus the revenue tariff.
...
This sounds a lot like Trump’s words, as well: William McKinley said: “Peace is the national desire, and the goal of every American aspiration.” Trump is echoing the exact same sentiment.
So in 1890 we have a really tremendous period of growth in the United States. We have the McKinley Tariff coming in. But in Germany by 1890, there was the ouster of Otto Von Bismarck. Kaiser Wilhelm II had taken the throne of Germany, the last German emperor and king of Prussia. Kaiser Wilhelm was not a very wise man. He was deluded into thinking that Otto Von Bismarck was bad for his nation and he got rid of him. Bismarck had been making alliances including with Austria and with Russia. The whole idea behind this was ensuring they didn’t go to war; that all the allied nations would be increasingly partners in peace and economic development. This all gets completely undone under Kaiser Wilhelm. It was really one of the key factors leading to World War I: when Otto Von Bismarck was ousted in Germany.
In 1890 in the U.S. the McKinley Tariff was brought in, the highest in U.S. history. The Principle of Reciprocity is also started, which involves the U.S. negotiating with foreign countries on tariffs. The U.S. says “we’re going to put these tariffs on you but we can negotiate: if you can lower your tariffs on us, we will in turn lower our tariffs on you.” This is a new development in the tariff aspect of the American System. The Democrats take control in 1890, and again in 1893 under Grover Cleveland. Then due to the Panic of 1893, the U.S. government is forced to take out a new gold loan from Morgan-Belmont Syndicate to stave off economic collapse. These were gold loans negotiated with the Houses of Morgan and Belmont on Wall Street. By 1894, the Wilson-Gorman tariff reductions were approved and took effect. In 1896, William McKinley publishes his book The Tariff in the Days of Henry Clay and Since: An Exhaustive Review of Our Tariff Legislation from 1812-1896. This is very useful history if you ever want to read it. It’s available online.
There’s a severe economic downturn going on. People are clamoring for change and McKinley is elected President in 1896.
We now see this Boston Brahmin character, Thomas Jefferson Coolidge. Senator Henry Cabot Lodge pushes for McKinley to make Thomas Jefferson Coolidge Secretary of the Treasury and McKinley says “no.” Coolidge’s father, Joseph Coolidge, was a classic Boston Brahmin opium-trading anglophile. So then Senator Lodge recommends Teddy Roosevelt to McKinley for the assistant Secretary of the Navy, and McKinley takes his advice. Teddy Roosevelt then orders navy ship movements down south in the Caribbean that precipitated the Spanish-American War. McKinley often gets called an “imperialist” and gets blamed for the Spanish-American War, but if you research you’ll find Teddy Roosevelt made it happen. Teddy Roosevelt is from New York and is part of the same New York political machine causes many problems.
These quotes were from a speech McKinley delivered to the University of Michigan Republican Club in Ann Arbor, Michigan, May 17: https://aadl.org/node/467217
"The same great fundamental differences divide them; the great ideas came with the creation of the federal government by the convention of 1787. One was the “national” idea; the other was the “states rights” idea, and from then until now they have been fundamental in the creeds of the two great parties. The old leaders are their idols still, and from them they draw inspiration. Jefferson and Calhoun, Jackson and Tilden, are the names most beloved and cherished by democrats everywhere. Hamilton and Webster, Clay and Lincoln, still inspire the highest and best sentiments of the republican party, and are the silent but powerful leaders of republican thought today.
I need not say to you what the world knows, that this country, after nearly one-third of a century of protection, has reached the proud position of being the first in manufactures, first in mining and first in agriculture, and in invention and educational advantages for the masses, of all the nations of the world; that labor is better rewarded; that skill and genius command higher returns, and the great body of the people have wider and better opportunities for advancement than can be found anywhere in the wide, wide world. Protection builds up; a revenue tariff tears down. Protection brings hope and courage to heart and home; free trade drives them from both. Free trade levels down; protection levels up.
We are getting on better than we ever got on during the revenue tariff periods of our history. We are getting on better than any of our sister nations. We have made matchless progress in the thirty-one years of protection and no single year has been more satisfactory than the one just passed. Are we to abandon the policy under which we have advanced to the first rank in development and prosperity? I bid my countrymen pause and ponder before taking the fatal step. Why should we? Let the theorists and doctrinaires answer. What do they offer in exchange; what assurance do they give us of the future wellbeing of our country under their system? Experience, which is ordinarily the best teacher, they discard altogether, for that experience in the history of our own country is a conclusive condemnation of their principles and policy when carried into actual administration. England is the only free trade country in the world. Is there anything in her progress and civilization, great as they are, in the condition of her masses, in her opportunities and possibilities, to invite us to turn away from our ancient policy? No American citizen would exchange what we have and enjoy for what England offers. Does this revenue tariff policy offer more work and better wages, more opportunities for labor and skill and effort…"
So here we see the brief period 1896-1901 (in non-grayed out portion left). You see under McKinley, tariffs rising sharply. Then in 1901 McKinley is assassinated, Teddy Roosevelt comes in and we see leading up to the 1920s just a near constant decline in the tariffs....
_________________________________________________
TLDR: Teddy Roosevelt was a British imperial pro-war stooge. McKinley was great for our economy and for world peace. That's why he was assassinated. He and Otto Von Bismarck respected one another - they'd quote each other. Otto Von Bismarck used McKinley's success as a template for Germany. Quote from Otto Von Bismarck:
in May of 1882, again in the Reichstag, Otto Von Bismarck said:
“The success of the United States in material development is the most illustrious of modern time. The American nation has not only successfully borne and suppressed the most gigantic and expensive war of all history, but immediately afterward disbanded its Army, found employment for all its soldiers and marines, paid off most of its debt, given labor and homes to all the unemployed of Europe as fast as they could arrive within its territory, and still by a system of taxation so indirect as not to be perceived, much less felt.”
Otto Von Bismarck was referring to the system of protective tariffs. This was before there was an income tax in America
Anton Chaitkin has more insightful information on American history and Teddy Roosevelt that we never learned in school: https://antonchaitkin.substack.com/p/james-bulloch-teddy-roosevelts-uncle
Neither McKinley nor Lincoln will do, while the Creature from Jekyll Island is alive and kicking, you need to slay him first
I'd vote for that!! People's referendum?
Thanks again, ELLEN! Always the solution is for Federal Governments to create and control a Nation's own money-supply. More for this solution (yours for decades) here--https://donpaul.substack.com/p/bankers-wars-secret-societies
Thanks Don!
Everyone I read says the deficit will continue because DOGE will not cut enough. Why doesn’t anyone just say: ‘ Congress needs to cut spending to eliminate the deficit’?
Congress is responsible for the uncontrolled spending problem and the waste, fraud and abuse!
Our elected representatives in Washington seem to lose all perspective when they go to DC, is it the‘free’ money being passed around there?
Probably the political donations by lobbyists, lots of pressure to conform. They need to cut the military and the interest to make the debt manageable, and no one dares hit those.
For want of Credit nations may perish. Including our own.
"The NEED Act is an escape from debt, from poverty and a path towards economic freedom. If DOGE is looking for real reform, here is where it should focus."
Real Government Efficiency: How to 'Actually' End Debt and Restore America's Financial Sovereignty
In the face of misguided AUSTERITY measures proposed by the Department of Government "Efficiency" (DOGE) here we show how to restore America's PROSPERITY and create a full employment economy
https://kucinichreport.substack.com/p/real-government-efficiency-how-to
------
^^this can only happen when people in the U.S. get control of their government, which is out of control and perpetrating genocide with the military led PREP Act, which was only possible because the U.S. is no longer sovereign, but is subsidiary to international finance capital.
"But wait a minute, it seems that Kansas permits citizen initiated grand juries…
Six U.S. States have laws allowing Citizen Grand Juries to be formed by groups of citizens: Kansas, Nebraska, Nevada, New Mexico, North Dakota and Oklahoma.
No doubt there are many Frankenshot victims in those states. Murder charges should be brought by Citizen Grand Juries in those states. Even if the ultimate verdict is innocent, the discovery process will uncover essential truth."
We're not in Kansas anymore, are we?
Oz is the abbreviation for ounce, the standard measure used for gold.
https://tomg2021.substack.com/p/were-not-in-kansas-anymore-are-we
"PREPA’s plain text supports that it confers broad civil immunity, not immunity from criminal prosecution."
On whether the PREP Act confers immunity on government officials and others from state-level criminal prosecution for COVID-19-era wrongdoing or preempts such prosecutions - Part One
by Ed Berkovitch
https://substack.com/inbox/post/160827925
BOTH!
The American System of Political Economy that was devised by Alexander Hamilton was based upon a National Credit System (same as Lincoln’s Greenbacks) and Tariffs to protect the fledgling new nation’s nascent industrial development from being crushed by the “free trade” scam system of the British Oligarchy.
Jean-Baptiste Colbert (1619-1683)
https://risingtidefoundation.net/jean-baptiste-colbert-1619-1683/
Colbert’s bequest to the founding fathers
by Anton Chaitkin
https://larouchepub.com/eiw/public/1992/eirv19n01-19920103/eirv19n01-19920103_020-colberts_bequest_to_the_founding.pdf
How Ben Franklin Organized Our Economic Independence
by Anton Chaitkin
An extraordinary meeting was held at Benjamin Frank-
lin’s home on Friday, May 11, 1787, to hear an outline
for the economic policy and national mission that the
United States Constitution should be designed to carry
out.
The tight-knit grouping of American nationalists
who had directed the Revolutionary War would use
this policy paper to instruct the delegates to the Constitutional Convention, scheduled to open three days later…..
https://larouchepub.com/eiw/public/2011/eirv38n41-20111021/56-65_3841.pdf
The Franklin School Starts Modern England
By Richard Kieninger, adapted from Anton Chaitkin
http://the-ultimate-frontier.org/history/Franklin%20School%20Starts%20Modern%20England.htm
Who Was Benjamin Franklin?
by H. Graham Lowry
The life of Boston-born Benjamin Franklin is generally the leading example historians offer, in arguing that America’s
Founding Fathers owed nothing to the nation-building conspiracy begun before 1630 by John Winthrop’s Massachusetts Bay Colony. According to this typical historical fraud, Franklin rejected his own Puritan past, and modeled himself after eighteenth-century British liberalism and French Enlightenment radicalism. Centuries of lying must again be swept aside.
Benjamin Franklin was Cotton Mather’s most gifted protégé. When he moved to Pennsylvania, Franklin also raised the political banner of Jonathan Swift. In 1737, Alexander Spotswood appointed him postmaster of Philadelphia. Franklin became the crucial link between the in-depth republican citizenry of New England, and the strategically placed, republican elite fostered by Spotswood in Virginia. That combination won the American Revolution; but until now, the real story has never been told…..
https://larouchepub.com/eiw/public/2008/eirv35n03-20080118/eirv35n03-20080118_046-who_was_benjamin_franklin.pdf
Alexander Hamilton, Founder of the American System
https://www.emergingamerica.org/blog/alexander-hamilton-founder-american-system
Alexander Hamilton Vs. Wall Street
https://duckduckgo.com/?t=h_&q=Nancy+Spannaus+Alexander+Hamilton&ia=web
While I agree with you on the benefits of greenbacks, Lincoln also brought back high protective tariffs which had not been seen since the 1820s
https://canadianpatriot.org/2020/07/09/free-trade-trumps-freedom-the-british-empire-reacts-to-american-economic-policies-during-the-civil-war/
Thanks. As Martin Armstrong said in a recent interview, in the 19th century tariffs worked, but the government wasn't paying social security, Medicare, etc. then. Expenses are way too high now for tariffs to replace taxes and debt.
Can they completely fund government? No I don't think so, but they could reduce the tax burden and shift revenue raising partially onto the shoulders of importers. But more importantly, a protective tariff could bring high-wage manufacturing jobs back to the US. The problem is Trump seems to putting in blanket revenue tariffs. The difference is crucial to understand and is explained here:
https://open.substack.com/pub/matthewehret/p/trumps-tariffs-and-treason-an-essential