http://www.lewrockwell.com/dilorenzo/dilorenzo166.html
Excerpt:
...What is Hamiltonian nationalism? Hamilton himself argued at the constitutional convention for a "permanent president" who would appoint all the governors of the states, who would in turn have veto power over all state legislation. States’ rights would have been destroyed, and America would have essentially become a monarchy. That’s where America stands today, for all practical purposes. Especially since the advent of the federal income tax in 1913, the states are mere appendages of the central state who can be easily bribed into doing whatever the federal executive wants them to do. All it takes is a threat to withdraw a few million dollars in highway grants. Consequently, Americans have long been servants rather than masters of their own central government as their presidents wield dictatorial powers.

American presidents have far more dictatorial powers than any European monarchs of Hamilton’s time had. Today an American president can, on his own, order the bombing of any country in the world without offering an explanation to anyone; eavesdrop on any phone conversation or email; and imprison citizens without due process by calling them "enemy combatants." The "imperial presidency" was a part of Hamilton’s grand plan, and that is exactly what we have today.
I love Thomas DiLorenzo!!!!