Sunday, April 20, 2014

Viewing Legislation Through the Economic Lens

Written November 19th, 2010

   We must view all political issues as inherently economic in nature. Besides asking if a bill is constitutional, we must also ask how we will fund it and whether the methods and means by which we fund it are also constitutional. Besides requiring all future bills to cite in them the specific clauses which explicitly grant the congress the authority to pass such laws, I would support a federal balanced-budget amendment, which would prevent deficits and debt increases, requiring the government to either cut spending, raise taxes, borrow more, and / or print more money (the latter only as a last resort, however!).

   In that all political issues are inherently economic in nature, we must view government itself through the lens of economics. Government apparati are little other than contract-enforcement agencies; organizations which provide us security and justice for a fee, obligated to hold up their end of the bargain. The federal government behaves as a corporation that desires to become a monopoly. It sees states, local communities, and private security firms, and offers them legitimacy if only they will consent to take orders from, and become integrated into, the overarching, monolithic centralized power.

   The federal government is not at the top of the power structure. The people are. Just as the states can take back the powers which they have vested in the federal government, the people can take back the powers which they have vested in the state governments, and therefore the people can compel the states and congress to reclaim for they the people the powers which states and the congress have vested in the executive branch and in the president, especially those powers illegitimately and wrongfully appropriated to those who hold such positions.

For more entries on budgets, finance, debt, and the bailouts, please visit:

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