Doug Casey’s Gripes with the U.S. Constitution

Doug Casey, a highly respected and brilliant libertarian author and investor, has an always interesting and informative weekly column on his website called ‘Conversations with Casey.‘ A recent topic of discussion was the U.S. Constitution. Below are some of the best excerpts:

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“It [the commerce clause] was meant to keep the legislatures of the states from acting the way governments typically do: erecting barriers and putting on tariffs. Also, I believe the connotation of the word “regulate” has changed considerably in the last couple of centuries; in those days it meant simply to ‘make regular’ or to normalize. The idea, as I understand it, was to ensure a level playing field between the states, since some of the states had sweetheart deals with some states and trade barriers with yet others, greatly complicating business concerning them all. Over the years, this has devolved into a blanket power to control every minute detail of any good or service that might cross state lines – or might not even do that, but could affect prices in other states simply by existing wherever it is. What was a very reasonable intent has opened Pandora’s box.”
“I just now read the Constitution again. This is actually something I recommend to everyone. Unfortunately, the Constitution is now a dead letter, but reading it is instructive in a number of ways, and it only takes about ten minutes. One should know the law of the land, even if it no longer applies.”
“Thank heaven for the Bill of Rights; it slowed the descent of the US considerably, while it was still taken seriously.”
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Read the entire conversation here.
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