Let’s make America great again by following the genius of the U.S. Constitution, James Madison, and end the trillion dollar speculations on public measures that earmark special interest groups — aka, crony capitalists — who sap our moral fiber while impairing consumer welfare.
Let’s begin by having Congress rebuke the National Association of Convenience Stores (NACS) for its current clamor for sanctuary from the vicissitudes of free enterprise through price controls on interchange fees—a throwback to the mercantile privileges of the British East India Company which provoked the Boston Tea Party and the American Revolution.
What made America great then was a celebration of free markets, a devotion to individual liberty, and scorn for wars not in self-defense that exclusively benefit the parasitic and paranoid military-industrial complex.
Moral philosopher and economist Adam Smith was gospel to the Founding Fathers. He instructed in 1775:
“Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things. All governments which thwart this natural course, which force things into another channel, or which endeavour to arrest the progress of society at a particular point, are unnatural, and to support themselves are obliged to be oppressive and tyrannical.”
Our Constitution was ratified in substantial part to overcome protectionist trade wars and legislation among and within States that impoverished the many to enrich the few. Madison elaborated on the reasons why the United States Congress today should tell the NACS to take a hike in Federalist 44:
“The sober people of America…have seen with regret and indignation that sudden changes and legislative interferences, in cases affecting personal rights, become jobs in the hands of enterprising and influential speculators, and snares to the more-industrious and less informed part of the community. They have seen, too, that one legislative interference is but the first link of a long chain of repetitions, every subsequent interference being naturally produced by the effects of the preceding.”