Which philosopher is associated with the concept of Loose Constructionism, particularly in establishing the national bank?

The concept of Loose Constructionism is closely associated with Alexander Hamilton, particularly as it relates to his role in establishing the first national bank of the United States. Loose Constructionism is an interpretation of the Constitution that allows for a broader understanding of its provisions, arguing that the federal government has powers beyond those explicitly listed in the Constitution.

Hamilton believed in a strong central government and advocated for a flexible interpretation of the Constitution to allow for the creation of the national bank, which he viewed as crucial for managing the nation’s finances and fostering economic growth. He argued that the Necessary and Proper Clause—often referred to as the Elastic Clause—granted Congress the authority to enact laws that were not explicitly outlined in the Constitution if they were necessary to carry out its powers. This approach was instrumental in the formation of the national bank, which played a significant role in stabilizing and improving the country's economy in its early years.

Other figures like Thomas Jefferson and James Madison held views aligned with Strict Constructionism, advocating for a limited interpretation of federal powers, which would have opposed the establishment of a national bank on the grounds that such powers were not specifically granted by the Constitution.