I was just curious how Hamilton could be portrayed as a modern day liberal. His support for a national bank was a means to increase the growth of industry and commerce in the newly formed United States. Although I agree that a modern conservative would probably not support Hamilton's plan on the grounds it would increase the national debt, I believe, however, that his primary goal, the growth of American business, would definitely receive the support of most conservatives today. Two possible objections here. First, the implementation of a Federal government program due to national emergencies does not confer immortality to the program.
Circumstances can change to such an extent that the program is no longer needed.
Again, this must be decided on a case by case basis. Political pressure kept this half of the theory from being implemented until quite recently. Second, the reduction of federal programs does NOT automatically equate to an anti-federalist stand. As Elizabeth Farah as pointed out, it's a matter of degree. A bloated federal government and a streamlined federal government are both equally members of a federal system.