A Constitutional Law Lesson From the Bailout Debate
The Framers of the Constitution knew that jealousies among the branches of the federal government would slow the federal decision-making process, redounding to the benefit of the people and their liberty. As important as the Bill of Rights is, the structure of government is just as important for its bias against hasty government action.
Put aside what you think of the substance of the bailout issue as you see an example of the constitutional structure at work:
Filed under: Finance, Banking & Monetary Policy; Law and Civil Liberties
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