“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
There are a couple of important economic lessons that the American people should learn. I’m going to title one “the seen and unseen” and the other “narrow well-defined large benefits versus widely dispersed small costs.” These lessons are...
John Taylor, of Caroline County Virginia, was the preeminent theorist of Jeffersonian Old Republicanism. He was a strong advocate of individual and states rights in the face of the growing power of the federal government (“tyranny”) and opposed increased tariffs and...
