5TH Amendment, nor shall private property be taken for public use without just compensation.
Most countries phased slavery out by compensated emancipation. It was not politically feasible, with tiny exceptions, to get compensated emancipation in 1861 here.
It is ok, now, to bail out big banks.
Inflation is a sort of taking.
How about quantitative easing? A taking? How about QE as taxation without representation?
Why have a currency which is merely a promise to pay?
Pay what? A promise to pay? It used to mean something different.
(Piketty) was worried, in
passing, that going off the gold standard requires close governmental
regulation...........banks can then just print money..........endlessly.......
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