Monday, October 10, 2011

Jefferson on National Banks, the Statist View of the General Welfare Clause, and Implied Powers

"It would reduce the whole instrument to a single phrase, that of instituting a Congress with power to do whatever would be for the good of the United States; and as they would be the sole judges of the good or evil, it would be also a power to do whatever evil they please. Certainly no such universal power was meant to be given them. [The Constitution] was intended to lace them up straightly within the enumerated powers and those without which, as means, these powers could not be carried into effect." -- Thomas Jefferson, Opinion on a National Bank, and the statist's opinion of the General Welfare Clause and Hamilton's concept of Implied Powers, 1791

-- Political Pistachio Conservative News and Commentary

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