EIR Volume 37, Number 48, December 10, 2010

Volume 37, Number 48, December 10, 2010

Full Issue:

A Matter of Principle: Alexander Hamilton’s Economics Created Our Constitution

by Nancy Spannaus

Hamilton’s genius in economics showed itself early on, but reached full maturity in his three famous Reports to Congress, in which he asserted that the chief driver for economic development was the inventiveness, or power of the human mind, expressed through the increase in the use of “artificial labor” (i.e., machinery), and was enhanced by the development of infrastructure. These ideas, which stood in sharp contrast to the bestial “free-trade” ideas of Adam Smith, were informed by the political-economic ideas of Gottfried Leibniz. Faced with British determination to suppress any such development, the Founders knew they had to establish institutions that would support such independence and economic growth. The result was the U.S. Constitution.

Economics

A Vacancy at the Top

by Tony Papert

On Dec. 1, the Fed was finally forced to release some of the records of its secret, taxpayer-financed bailout of Wall Street banks and wealthy individuals over that period. But, the real surprise was that the secret bailout had not been aimed primarily at Wall Street at all, but at foreign banks.

What Is Sinn Féin? The American System versus British Geopolitics in Ireland

by Paul Gallagher

In this reprint from The New Federalist of Jan. 9, 1995, Paul Gallagher draws the parallel between the historic ceasefire between Northern Ireland and their British overseers, reached in August 1994, and the events of 1920-21, when the Irish nationalist movement led by Sinn Féin, and backed by the U.S.A., forced the British Crown to cease military operations, and sign a treaty.

Henry Carey on the British Empire’s Enslavement of the Irish People

An excerpt from American System economist Henry C. Carey’s 1853 The Slave Trade, Domestic and Foreign: Why It Exists and How It Can Be Extinguished, Chapter XIII, “How Slavery Grows in Ireland and Scotland.”

International

The Crucial Strategic Issue of This Moment: A Lot of Plain Facts

by Lyndon H. LaRouche, Jr.

Every war the United States has ever been obliged to fight has been the fruit of the imperial policy of reign-and-ruin by the British Empire. The current British rape of Ireland is nothing but a naked reflection of the potential fatal error of subjecting the economies of nations to the syphilis known as monetarism.

Obama Signs on to Britain’s Plan for Indefinite Stay in Afghanistan

by Ramtanu Maitra

President Obama’s designed-in-London Afghan policies dovetail precisely with those of Britain’s Af-Pak Ambassador, Sherard Cowper-Coles, who has called for a U.K. presence there for 30 years.