Tuesday, December 14, 2010

A Rage For Paper Money

In case you wondered about what Madison would have thought of O Duce, here it is:

A rage for paper money, for an abolition of debts, for an equal division of property, or for any other improper or wicked project, will be less apt to pervade the whole body of the Union than a particular member of it; in the same proportion as such a malady is more likely to taint a particular county or district, than an entire State.
Did I forget to mention that Madison is widely considered the architect of the Constitution and that Federalist #10 -- from which this is a lynch-pin passage -- is considered one of the two most important of the series? And for that matter, the Federalist is argued by some to be on par in importance with the Constitution as it is the contemporaneous set of arguments published to convince the population to vote for ratification.

The lib loons will tell you it's hard to understand what the founders meant. I don't think so. (Time for a reminder.)