The Meb Faber Show · Friday, August 14, 2026
Gromen defines Hamiltonian economics as advocating for high tariffs, protection of domestic industry, and a neutral reserve asset, contrasting it with the US's last 35-40 years of neoliberal, globalized policies. He notes that Alexander Hamilton's 1791 report on manufacturers laid the groundwork for this approach.
“In a nutshell, Hamiltonian economics are high tariffs, protection of domestic industry, and a neutral reserve asset. Hamiltonian economics are the exact opposite of what the United States has been doing for the last 35, if not 40 years.”
“And basically says, look, if you want to become a great power, you have to put up trade barriers and make your own stuff and become largely self-sufficient in a lot of things.”