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Ep. 1999 Cronyism: The Untold Chapter of U.S. History

The Tom Woods Show

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Funding the Debt at Par

i want to go into the late eighteenth century. And george washington, an alexander hamilton,. i want to jump there, and we'll do some of this material. But let's start off with the controversy over funding the debt after the war for independence. Some people felt like, this is a windfall that speculators one. If it is funded at par, then all these, you know, patriotic, but maybe impoverished, farmers or whatever, who were just happy to get rid of the things because they didnt know whatwas going to happen to them. These people kind of got the short end of the stick. I take the roth party in perspective on the

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