The transformation of Jeffersonians into National Republicans continues under President James Madison. Following the Louisiana Purchase, the new administration sets its eyes on Florida and Canada for new American expansion. The result is the disastrous War of 1812 and the rise of a new central bank. Recommended Reading "The Feds Before the Fed" by Scott Trask — Mises.org/LP6_A "Our Oligarchs Can Thank James Madison" by Ryan McMaken — Mises.org/LP6_B "Why James Madison Hated Democracy" by Ryan McMaken — Mises.org/LP6_C Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP.
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