Economics: A very nice essay by Jacob Soll for all those who do not know that Biden’s “Hamiltonianism” in economic policy is in fact the long-standing American tradition as it stood before the ideology-driven deviation of the Hard Neoliberal era. That, indeed, was the argument of Steve Cohen’s and my “Concrete Economics” <amazon.com/Concrete-Economics-Hamilton-…. But in what sense is this a “secret”?:

Jacob Soll: There Is a Secret Hamiltonian in the White House: ‘This argument over industrial policy versus unfettered free markets has happened before…. Republican champions of historical originalism are attacking an economic playbook that looks much like the one written in 1791 by Hamilton…. Hamilton’s project for state support of American manufacturing… was not only successful at the time, it also laid a template for almost two centuries…. Hamilton claimed that Britain’s “immense progress” came not from agricultural trade, but rather from the cotton mill…. America could encourage home-grown iron and steel manufacturing… through strategic tariffs…. In the 20th century, national economic strategy continued to be central to Franklin Delano Roosevelt’s wartime policies, and to Cold War strategies of technological investment… <nytimes.com/2024/03/10/opinion/biden-ha…>