Episode

6/3 “The Hamilton Scheme” w/ William Hogeland

June 3, 2024

Happy Monday! Sam & Emma speak with author and historian William Hogeland, proprietor of the “Hogeland’s Bad History” newsletter on SubStack, to discuss his recent book The Hamilton Scheme: An Epic Tale of Money and Power in the American Founding. First, Sam and Emma run through updates on México’s election of Claudia Sheinbaum, Israel’s rejection of what was supposedly their own peace proposal as they blast through Biden’s Rafah red line, Hunter Biden’s legal woes, Bibi’s joint congressional address, reactions to Trump’s conviction, Fauci’s testimony, the Affordable Connectivity Program, climate change, the IRS’ free tax-filing service, and Dinesh D’Souza’s publisher issues an apology for publishing Dinesh D’Souza, before diving into Biden’s absurd claim that Israel was the one pushing the ongoing peace negotiations with Hamas, and how Israel’s offensive is likely to continue as Biden’s “red lines” shift ever backward. William Hogeland then joins, first reflecting on the introduction of Alexander Hamilton into popular culture with the recent musical phenomena, and how that provides the opportunity to present a more three-dimensional view of Hamilton’s political philosophy and impact. Now, Hogeland steps back to the inception of the US, and the central role Hamilton played in establishing a financial system that centered on the use of national debt to leverage the economic ambitions of the capitalist class in favor of a nationalist project by allowing them massive ownership stakes, while additionally reinforcing the elitist and anti-democratic makeup of the political class that Hamilton desired. After expanding on Hamilton’s relationship to the US Constitution, including unpacking the relatively subdued role that the Federalist Papers played in the actual ratification, Hogeland walks Sam and Emma through the backlashed faced by the US Federal government due to Hamilton’s wildly anti-democratic financial scheme, looking to both Shays’ Rebellion in 1786 and the Whiskey Rebellion in 1791 as clear cut examples of a coherent dissent and attack on Hamilton’s system of debt and regressive taxation, demanding follow through on the demand of “no taxation without representation” that Americans had fought for, also briefly touching on the greater makeup of this pro-democracy labor movement led by folks with Herman Husband and Thomas Payne. Next, Hogeland looks back to the enemies Hamilton had inside of the US political structures, from State Sovereigntists during the framing of the Constitution, to the Jeffersonian attempts to undermine and overturn his financial system throughout the start of the 19th Century, before wrapping up with the redemption of Hamilton’s legacy over the last few decades, and the particular role his thought played in the US’ response to the 2008 Financial crisis.

And in the Fun Half: Sam and Emma watch an American nurse reflect on the harrowing experience of treating burn victims in Rafah, and discuss the myriad resignations-in-protests by Biden State Department officials, with the most recent accusing the agency of actively lying about Israel’s role in blocking aid to Gaza. They also dive into the incredible aftermath of the conviction of Donald Trump, with everyone from the Donald on Fox & Friends, Maria Bartiromo, Benny Johnson, and Megyn Kelly pondering the backlash from a potential GOP regime. Lauren Boebert addresses her Beetlejuicing controversy, plus, your calls and IMs!

Check out Bill’s book here: https://us.macmillan.com/books/9780374167837/thehamiltonscheme

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