Rich Lowry on Abraham Lincoln and Hamiltonian Infrastructure

From Rich Lowry's National Review article, highlighting his new book on Abraham Lincoln and his ideas.

In particular, Lowry notes Lincoln's lifelong support for infrastructure as a catalyst for economic growth:

"He was indeed a government activist, though at a time when government was different from what it is today — vastly less extensive and obstructive, with the wealth transfers of the modern welfare state nowhere in sight. Throughout his career he supported internal improvements (i.e., transportation projects), a protective tariff, and sound, duly regulated banking. These policies were associated with their share of waste and corruption. On the other hand, wherever canals and railroads touched, they brought the competitive pressure of the market with them; the tariff was a support to the growth of industry; the banks produced a reliable paper currency necessary for a cash economy. They all tended to create a vibrant, diverse economy open to men of various talents. Here is where Lincoln is guilty as charged: The agrarians are right that he sought to end the simpler, agricultural America in favor of a modern commercial and industrial economy."