How did America’s financial system, founded to be a democratic tool of economic development, wind up instead a tool of oligarchic control? Alexander Hamilton intended that America’s financial system would enable individual initiative and collective well-being through a system of sovereign money and credit, independent of the British financiers who wanted to recapture their lost colony as an economic vassal of the mother country. Our guest Nancy Spannaus, professor, and author of Hamilton vs. Wall Street, discusses the significance of Hamilton’s economic vision and principles, and how those principles have been eroded today.

(Audio length 00:58:06)