American principles. were from the start based upon actual experience; experience in building a settler society from the ground up. The dynamic processes that Emerson describes in your excerpt, flow from the aggregation of those earlier experiences--as did the American understanding of the proper functions and limitations on Governments.
Permit me to extract a paragraph...
I think you have captured the key kernel there.
The Founding Fathers realized all real-world Governments and theories of the same were deeply flawed.
Government must not be allowed to tamper with the gears and springs of the timepiece that enables a society to run and flourish. A natural rhythm of unfathomable complexity is what allows communities to arise. And those communities are cultivated and encouraged to grow, not through excess planning, but through the free and ever-adapting exchange of ideas, goods, services, and money in the marketplace.
At the same time, commerce cannot be totally free: religion and moral leadership are absolutely necessary to keep it in check. Look at where we're at today: there's a God-less corruption at the core of our Government, and it's steadily eating away at civil society.
Law enforcement and regulation are also required. But the emphasis must be on "light touch" regulation that is careful to not upset that balance of competitive and commerce-enabling forces that allow businesses to develop, invest, create jobs, and eventually raise all boats.
In my view, no company should be allowed to be too-big-to-fail. Rather the owners of a business must have skin-in-the-game: they must know they will no longer be bailed out by We The People.
So curbing fraud, improving efficiency, making smart investments, and applying the right incentives will do wonders to our economy — and these are all things that are smack in the middle of Trump's wheelhouse.