The conversation between human and AI assistant.
What was Hamilton's reasoning behind the National Bank?
How did Hamilton think the National Bank would stabilize the currency?
Hamilton believed that by creating a national bank, the government could regulate the amount of paper money in circulation, which would help to stabilize the currency. By this, he meant that the government could control the amount of banknotes issued by the bank and ensure that there was no excess supply of it in the market leading to inflation.