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Tuesday, June 13, 2006

 

The Fuller Court & Economic Prosperity

You might be interested in my post at Economics and Liberty regarding the Fuller Court:
"My sense is that while the Fuller Court was quite good with respect to Congress in constraining the national legislature’s efforts to infringe property rights, and in constraining the national legislature’s efforts to embrace rent seeking legislation, it’s federalism encouraged state legislatures to infringe property rights and contracts, and it encouraged states to engage in rent seeking legislation. Some may argue that this is indeed the constitutional structure for state versus national governments in our system of political economy, I suggest a more sound and consistent definition of the police power reserved for state governments would have strengthened the institutional foundations for economic prosperity."

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