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An economic interpretation of the Constitution of the United States

Note 724 — Chapter XI · THE ECONOMIC CONFLICT OVER RATIFICATION AS VIEWED BY CONTEMPORARIES

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“It is currently reported,” says the New Hampshire Spy, on December 7, 1787, “that there are only two men in Virginia who are not in debt, to be found among the enemies to the federal constitution. Debtors, speculators in papers, and states demagogues act consistently in opposing it.”

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