What Banking in a Failed State Looks Like

by rrusczyk, Jul 10, 2009, 2:46 PM

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US Constitution, Article I, Section 10:
Quote:
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

by DPatrick, Jul 10, 2009, 3:59 PM

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Eh, the Ninth District Court of Appeals has long held that the Constitution is optional in California.

by rrusczyk, Jul 10, 2009, 4:10 PM

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Not to be cynical, but you really think the Constitution as written applies anymore?

by sandor, Jul 10, 2009, 11:41 PM

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Only when it's convenient.

by rrusczyk, Jul 11, 2009, 12:51 AM

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I am, of course, being far too glib there. Three very important aspects of the Constitution are still very relevant: the distribution of power across entities and individuals built through quite disparate mechanisms, the allocation of representation across a great many groups with narrow interests, and the sheer difficulty required to alter the Constitution. I think all three of these are extremely important, and still very relevant. Gridlock may be even more important now that the government is so large. At the very least, it prevents a lot of ridiculous overreactions (but not all of them, to be sure!)

(On that last point, just take a look at states where it's easy to change the Constitution, like, say, California, sigh.)

by rrusczyk, Jul 11, 2009, 1:39 AM

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