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An economic interpretation of the Constitution of the United States

Note 390 — Chapter VI · THE CONSTITUTION AS AN ECONOMIC DOCUMENT

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This view was set forth by Madison in a letter to Jefferson in 1788. “Wherever the real power in a Government lies, there is the danger of oppression. In our Governments the real power lies in the majority of the Community, and the invasion of private rights is chiefly to be apprehended, not from acts of Government contrary to the sense of its constituents, but from acts in which the Government is the mere instrument of the major number of the constituents. This is a truth of great importance, but not yet sufficiently attended to, and is probably more strongly impressed upon my mind by facts, and reflections suggested by them, than on yours which has contemplated abuses of power issuing from a very different quarter. Wherever there is an interest and power to do wrong, wrong will generally be done, and not less readily by a powerful and interested party than by a powerful and interested prince.” Documentary History of the Constitution, Vol. V, p. 88.

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