Federalist

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"A Signal Advantage of Taxes on Articles of Consumption." Thoughts by Alexander Hamilton, Federalist No. 21, Dec. 12, 1787.
Federalist

"A Signal Advantage of Taxes on Articles of Consumption." Thoughts by Alexander Hamilton, Federalist No. 21, Dec. 12, 1787.

After postulating that the Articles of Confederation committed a “fundamental error” in “principle” by attempting to regulate “the contributions of the States to the common treasury by QUOTAS,” Hamilton opined about the difficulty in determining a “common standard or barometer” by which the degrees of national wealth can be gauged.
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