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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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Friday, April 22, 2011

The Dollar: Look Out Below

The dollar continues its rapid slide, measured against a basket of other currencies.  It’s not that U.S. officials are asleep at the switch.  They are actively pushing to inflate the dollar as a means to finance our accelerating deficit and massive public debt.

Standard & Poors fired a warning shot across the bow of the Treasury and the Fed, downgrading the outlook for the dollar.  Now emerging economies around the globe are coming together to develop an alternative currency to the increasingly worthless dollar. 

See Developing Countries Plan to Challenge U.S. Dollar on The Fiscal Times website.