/biz/ - Business & Finance

>>57091576

>Hamilton acknowledged that many certificates had been obtained by wealthy individuals, but he considered the "few great fortunes" of minor significance and a "necessary evil" in the transition to sound credit

>key provision in Hamilton's fiscal reform was termed "assumption" and called for the 13 states to consolidate their outstanding debt of $25 million[68] and to transfer it to the federal government for servicing under a general funding plan

>Hamilton sought to "tie the creditors to the new [central] government"[73] by linking their financial fortunes to the success of his economic nationalism.[74] That would, in turn, gradually cause a decline in state authority and a relative increase in federal influence

>One of the effects of "assumption" would be to distribute the collective debt burden among all the states, the more solvent members paying a share of the more indebted ones.[78] Most of the southern states, except for South Carolina, had successfully paid down the bulk of their wartime debt.

>One of the effects of "assumption" would be to distribute the collective debt burden among all the states, the more solvent members paying a share of the more indebted ones.[78] Most of the southern states, except for South Carolina, had successfully paid down the bulk of their wartime debt.

>The "dinner-party bargain"[95][96] made Madison withdraw his opposition and permit passage of the Assumption Bill.[97] For his part, Hamilton agreed to suppress opposition for the permanent location of the nation's capital at Georgetown on the Potomac, the present site of Washington, DC.[96][98] Hamilton's support was superfluous, as the Potomac location had already been secured

>>20739892
>We need a global eugenics program and we need to maintain a global population below 1.5 billion humans.
Good luck with reduction