Economic Controls in the U.S Constitution: An Analysis

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a) There are multiple parts of The Constitution which deal with economic controls, but perhaps the most important one is the section of The Constitution that is section 8 of Article I. In this section “The new constitution institutionalized the means for government involvement in the economy.”(Wood, February 11, 2015). The some of the enumerated powers include the power to coin money, the commerce clause, and the taxing and spending clause. These powers provide the Government with a foundation of power from which to affect the economic relations of the country. The Taxing and Spending Clause provides amble power to Congress to influence economic aspects of life through regulation, probation, and tariffs. These specific powers are perhaps some …show more content…

Nowhere in The Constitution is this more evident than in Article 1, Section 9 which prevents direct taxation. This element allowed the Framers to protect their property interest and prevent the loss of wealth. This is noted by Wood “The national government was designed to make confiscation of wealth through taxation or currency inflation hard because of the effective veto of the Senate and presidency.”(Ch.2, …show more content…

e) In the context of history, what the Framers wanted is important question, but it’s bearing on the functionality of the U.S. government and economic relations today is of no significant importance. The manner in which the government conduct’s its socio-economic policy is far removed for the originally system devised. While we should always continue to examine what the Founders wanted, it does not really matter for day to day practical reasons. Throughout the Nation’s history the economic element of The Constitution has been changed repeatedly to fit the ideologies of those in power or to cure some ill of the national economy. Also, the system constructed by the Founders was to preserve wealth for those already wealthy, but the systems of power have balanced out, and to a degree more people are able to acquire wealth and keep it. Thus, what the Founders wanted, while historically important, does not matter to the drastic change in the operation of government involvement in the

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