From the Nixon Shock to Biden-flation
This month marks fifty years since President Richard Nixon closed the “gold window” that had allowed foreign governments to exchange US dollars for gold. Nixon’s action severed the last link between the dollar and gold, transforming the dollar into pure fiat currency.
The post From the Nixon Shock to Biden-flation first appeared on Tenth Amendment Center.
Another forerunner of our Constitution was the Charter of Liberties and Privileges of New York—adopted by the colony’s legislature on October 30, 1683.
Originalists are happy to consider what historians say about matters, but we should remember that often historians have a different objective than originalists do.
Today in 1751, James Iredell was born. A brilliant figure of the founding era, he was considered a legal prodigy at an extremely young age. Just prior to the American War for Independence, he penned a pamphlet, To the Inhabitants of Great Britain, which espoused his constitutional arguments against the British concept of Parliamentary sovereignty. […]