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    The Founders, Free Markets, and Sound Money

    When most people think about the Founders and economics, two common myths arise. The first is that the Founders vehemently disagreed about economics and, therefore, reached no consensus on the subject. This contention is evident in Alexander Hamilton’s and Thomas Jefferson’s famous exchange about whether the American economy should consist of self-sufficient farming or a commercial empire of manufacturing. The second myth is that the Founders saw little or no role for government in the economy—that they embraced a purely laissez faire economic theory. Thomas G. West puts an end … More

    Is there a Constitutional Basis for Mandatory Health Insurance?

    Does the Constitution allow the federal government to force individual citizens to buy health insurance? Sen. Tom Coburn (R-OK) and Rep. John Shadegg (R-AZ) have been waging a war to force Members of Congress to include a concise explanation of the constitutional authority empowering Congress to enact legislation as part of every bill. The legislation titled “The Enumerated Powers Act” would not allow the House or Senate to consider any legislation not containing an explanation of the constitutional authority for legislation. Clearly this is needed, because Senator Daniel Akaka (D-HI) … More

    Is The Individual Mandate Constitutional?

    We’ve already identified some possible constitutional issues Obamacare raises including whether the delegation of power to the “Health Choices Commissioner” violates the separation of powers and whether a government run health plan is one of the enumerated powers granted to Congress. David Rivkin and Lee Casey also have constitutional concerns. Their Washington Post op-ed argues the individual mandate would not pass muster: President Obama has called for a serious and reasoned debate about his plans to overhaul the health-care system. Any such debate must include the question of whether it … More

    It’s Not All About ‘Rights’

    Just in time for today’s recognition of Bill of Rights Day, the anonymous scribe within The Heritage Foundation – self-identified only as ”A Conservative” — pushed the send button on a fifth electronic circular under the nameplate “New Common Sense.” The e-circular, which bears the headline “The Constitution Protects Us Too,” reads as follows: On Dec. 15, 1791, the first 10 amendments were added to the Constitution after being ratified by three-quarters of the states. Many Americans have taken to praising these amendments, collectively called the Bill of Rights, as providing the true protection … More