"The question then became: Is a national bank constitutional? Did the Founding Fathers contemplate a national bank?"
— Thomas Jefferson, as portrayed by Clay S. Jenkinson
This week, we discuss the argument between Alexander Hamilton and Jefferson over the creation of a national bank of the United States. Hamilton believed a central banking system was essential to America's standing in the world. Jefferson disagreed, arguing that to take a single step beyond the powers of the constitution is to enter a field of boundless abuse. We speak with Jefferson about President Washington's support of Hamilton’s plan, a decision with ramifications that affect Americans to this day.