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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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Tuesday, October 21, 2008

Who, What Caused the Financial System Crisis?

Both the National Journal and its columnist Stuart Taylor are far more liberal-progressive than conservative.  Yet Mr. Taylor says that, “...the pretense of many Democrats that this crisis is altogether a Republican creation is simplistic and dangerous.”

Read When Fannie And Freddie Opened The Floodgates: MISDIAGNOSING THE CAUSES OF THE CRISIS COULD LEAD BOTH TO REGULATORY OVERKILL AND TO MORE RECKLESS RISK TAKING.