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The View from 1776 presents a framework to understand present-day issues from the viewpoint of the colonists who fought for American independence in 1776 and wrote the Constitution in 1787. Knowing and preserving those understandings, what might be called the unwritten constitution of our nation, is vital to preserving constitutional government. Without them, the bare words of the Constitution are just a Rorschach ink-blot that politicians, educators, and judges can interpret to mean anything they wish.

"We have no government armed with the power capable of contending with human passions, unbridled by morality and true religion. Our constitution is made only for a moral and religious people. It is wholly inadequate to the government of any other." John Adams, to the Officers of the First Brigade, Third Division, Massachusetts Militia, October 11, 1798.

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Wednesday, September 10, 2008

Russia Also Has a Money Supply Problem

Russia is suffering the same inflationary problems created here by the Fed’s extravagant flooding of our market with excess liquidity since the Clinton administration’s dot.com boom and bust.  In Russia it’s the typical socialist economic problem of state planners’ inability to manage an entire economy successfully.

Read Russia And Europe: Who’s Driving Who[m]? on the Forbes Magazine website.