This link has been bookmarked by 11 people . It was first bookmarked on 29 Oct 2008, by Joel Bennett.
-
08 May 09
-
05 Feb 09
-
Due Process Clause (no government can take away a right or obligation, like collecting or paying a debt, or enforcing a contract, without a fair trial)
-
Takings Clause (no government can take away property, like real estate or shares of stock, without paying a fair market value for it and putting it to a public use)
-
Constitution grants Congress 17 specific (or "delegated") powers. And it commands in the Ninth and 10th Amendments that the powers not articulated and thus not delegated by the Constitution to Congress be reserved to the states and the people.
-
no power in the Constitution for the federal government to enter the marketplace since, when it does, it will favor itself over its competition. The Contracts Clause (the states cannot interfere with private contracts, like mortgages), the Takings Clause (no government can take away property, like real estate or shares of stock, without paying a fair market value for it and putting it to a public use), and the Due Process Clause (no government can take away a right or obligation, like collecting or paying a debt, or enforcing a contract, without a fair trial) together mandate a free market, regulated only to keep it fair and competitive.
-
Framers wrote a Constitution as a result of which contracts would be enforced, risk would be real, choices would be free and have consequences, and private property would be sacrosanct.
-
Contracts Clause (the states cannot interfere with private contracts, like mortgages)
-
-
23 Nov 08
-
03 Nov 08
clementi1832The government we have today is something the Founders could never have imagined.
politics political science history economics liberty freed free markets market united states america us usa american law president government constitution libertarianism libertarian classical liberal congress corruption elections socialism
-
30 Oct 08
-
29 Oct 08
-
Joel BennettWhy do Presidents and Congressmen forget the constitution when they get into office? Obama seems to want Soviet-style central planning to bring "economic equality" for all. Anyone else want that?
-
In a radio interview in 2001, then-Illinois State Sen. Barack Obama noted -- somewhat ruefully -- that the same Supreme Court that ordered political and educational equality in the 1960s and 1970s did not bring about economic equality as well. Although Mr. Obama said he could come up with arguments for the constitutionality of such action, the plain meaning of the Constitution quite obviously prohibits it.
-
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.