Constitutional Amendment on Prices and Wages

Law and Economics Theory ^ | 9/15/2005 | Santiago de la Vega

[Santiago de la Vega]

Congress shall make no law respecting wages, prices, rents, interest rates, exchange rates or any other exchange rate.

[Santiago de la Vega]

It's simple and it solves the problem of Federal, State, and Local attempts to meddle with the markets.

They can make an activity illegal, they just can't try to control the price.

[Tatze]

I like it, but what does this mean: exchange rates or any other exchange rate??

Exchange rates or other exchange rates? What about the other exchange rates? Ok, I guess Im wondering why there is a need to say other exchange rates.

[Irontank]

They already have an amendment that would accomplish the same thing...the 10th Amendment...maybe we should focus on making Congress abide by that Amendment before trying to pass another one

[Constitutionalist Conservative]

Sigh. We've pretty much completed the total inversion of Constitutional interpretation. It used to be that all powers not explicitly granted to the federal government by the Constitution were reserved to the states and the people. Now, the federal government is permitted to do anything it pleases unless the Constitution is amended to prohibit it.

[VRWCmember]

My response on this vanity thread is the same as my response when you posted this properly as a comment on another thread:

Suggested constitutional amendment: Congress shall make no law respecting wages, prices, rents, interest rates, or exchange rates.

If an amendment with that wording were ratified, you can rest assured that the liberals would suddenly discover the difference between "congress" and "state legislatures" and between "congress" and "city councils". Thus, the amendment would not have any bearing on wholesale gasoline price controls in Hawaii nor on rent controls in the Peoples Republics of Kalifornia and New York.

[hripka]

Constitutional amendment? What's that? If passed, will the Supreme Court read it?

sarcasm off.

[hripka]

They can make an activity illegal, they just can't try to control the price.

Can Congress then ban the payment of interest?? It sure would help the US government from paying out money.

And the moslems would be happy since they don't like interest.

[Tarkin]

Of course it can. Thanks to FDR appointed judges everything can be regulated thanks to the brilliant interpretation of the Commerce Clause.

[zendari]

It's way past time to rewrite the Commerce Clause.