What would Hamilton do?

I've passed the point in the Ron Chernow book Alexander Hamilton where Hamilton has won the Revolutionary War with his brilliant strategic advice to Washington and had his influence on Congress in directing the war, has led the drive for the Constitutional Convention and been the key author, written the Federalist Papers to gain the final State ratification and created modern America with his design of the Treasury, tax collection, central banking, government bonds, the bond market, the stock market, bank credit and created a budget surplus in his first year. 

My question is “now, two hundred years later, that we have the commercial nation that Hamilton conceived, what do we need to do to make it more successful?”

The answer first requires acknowledging the brilliant innovations of the 20^th Century that are our commercial building blocks.  The creation of the Federal Reserve, giving it independence in 1947 and setting stable goals for the money supply.  Insuring banks, bailing out savings and loan associations, permitting national banking. Abandoning the gold standard and creating the WTO.  Ending retail sales price enforcement, ending state usury laws, cutting tariffs sufficiently to create a domestic market for foreign goods and creating NAFTA.

The package of new institutions that we need are to get rid of  the vestiges of the Jeffersonian-Confederacy.

First, our labor force needs greater flexibility, especially 13 million public employees. We need a national system to encourage job movement that carries elements of seniority and pensions to new jobs especially for teachers, police and fire fighters.  We concurrently need to replace most seniority and job security with better measures of meritocracy. We need stardardized labors laws nationally as well as standardized business taxes.

Second, our tax subsidies to rural-suburban areas and home ownership needs to end so that we can have a denser more efficient transportation and communication infrastructure.

Third, we need to raise the level of public and market honesty.  That means ending the residual class stigma of deceptive prices like $1.95 or $7.99, tipping and other crude behaviors that are not found in more honest societies like Japan, Holland and Sweden.  It means standardizing national accounting practices and significantly raising the quality of legal and accounting professionalism.

Lastly, we need to research and evaluate the historical elements that have created our wonderful mega-machine of commerce, appreciate and enshrine its founders such as Hamilton and recognize the vast genius of the institution that we live in.  Where is the Smithsonian museum of commerce?