U.S. Federal Reserve Notes: “Money” Backed By Nothing
At one time, the U.S. monetary system was backed by gold. Now it’s not backed by anything. But most Americans don’t realize this. In fact, nearly a third of respondents to a recent survey believe the U.S. dollar is still backed by gold. Only 7 percent of...
A Blow to Gun Manufacturers But a Win for Federalism
In one fell swoop, the Supreme Court of the United States struck a blow to gun manufacturers and a victory for federalism. On Nov. 12, the High Court rejected an appeal from Remington Arms. The company sought dismissal of a civil suit filed in Connecticut state court...
Did Founder James Wilson oppose the Electoral College and favor “National Popular Vote?”
James Wilson of Pennsylvania (1742-98) was one of the most influential of the Constitution’s framers. Some scholars rank him as second only to James Madison. Wilson was a distinguished lawyer who eventually served on the U.S. Supreme Court. Advocates of direct...