In this episode of Liberty vs. Power, Patrick and Tho look at the success of the Jeffersonians following the corruption of Hamilton’s Federalist Party. With the support of Treasury Secretary Albert Gallatin, the Jeffersonian Administration is able to slash the size of the federal bureaucracy. Unfortunately, the influence of Republican moderates — like James Madison — undermined a true restoration of old republican ideals.
Recommended Reading
“Jefferson’s Philosophy” by Murray Rothbard — Mises.org/LP4_A
“Jefferson as President: His Judicial Blunders” by Scott Trask — Mises.org/LP4_B
Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony
