In the last article in this series, I covered the strong-government/pro-business tradition of Alexander Hamilton, Abraham Lincoln, and Theodore Roosevelt. In this article, we shall see how the utopianism of later Progressivism subverted the fundamental conservatism of the original Hamiltonian political philosophy.

It is curious, really, how little notice was taken of the almost radical nature of quantitative easing (QE). This was something new under the Sun. Actually, as implemented in the U.S., it represented a revolutionary approach to supplying the money the economy must have.

Before QE, there were two ways money entered the U.S. economy. When it was legal to require payment in gold or silver (outlawed in 1933), it was possible to increase the amount of money in the economy by mining gold or silver or using gold or silver on hand for payment.

When it comes to technology and data, the Democratic Party is far ahead of the game. Just think back to the 2008 presidential election, when Obama’s digital team, comprised of some of the brightest minds in technology, took the nation by storm.

So why does 2016 presidential hopeful Jeb Bush think he stands a chance competing with the data-driven giants of the Democratic Party?

On December 16, 1773, a group of colonists dressed as Indians boarded three British cargo ships to destroy 342 cases of tea -- a "tea party" over a 90 percent tax cut.

Tea throughout the Empire had been taxed at 30-pence a pound, which had been reduced to 3-pence a pound in the colonies to combat sluggish sales and smuggling. But that wasn't good enough; we wanted tax-free tea.