# Joint research from Professor Richard Sylla addressing financial systems, economic growth and globalization is referenced

1 Faculty News July 19, 2020 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/opinion/articles/2020-07-19/coronavirus-and-the-economy-europe-s-hamilton-moment-is-a-flop) -- "Still, it’s worth reverting to Ron Chernow’s biography, on which Miranda's musical was largely based, as well as to the leading historian of early American finance, [Richard Sylla](https://www.stern.nyu.edu/faculty/bio/richard-sylla), to get the details right. Hamilton himself was a serious student of financial history, and had drawn the correct conclusion that the U.S., heavily indebted after winning its War of Independence, needed to 'restore public credit' by establishing a consolidated public debt, consisting mostly of long-dated bonds, on the British model."

[Read More](https://www.bloomberg.com/opinion/articles/2020-07-19/coronavirus-and-the-economy-europe-s-hamilton-moment-is-a-flop)