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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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Monday, October 31, 2011

Justice

Schadenfreude is not an admirable emotion.  But Jon Corzine deserves his misfortune.

As a Goldman Sachs partner he became immensely wealthy, as did his colleague Robert Rubin, who became Treasury Secretary under President Clinton.  Mr. Corzine became a United State Senator, a role in which he did his best to further our national bankruptcy with liberal-progressive-socialist deficit spending.  Later, as governor, he essentially bankrupted the state of New Jersey.

Now, displaying the same degree of imprudence, he has driven MF Global, his broker-dealer firm, into bankruptcy. At least he has finally done to his own money what he did his best, as a leading liberal-progressive, to do to the rest of us.