4 ms·
Probably should mention that the US constitution was written largely to protect bond speculators (against state legislatures trying to protect debtors).
by viburnum 6y ago
Probably should mention that the US constitution was written largely to protect bond speculators (against state legislatures trying to protect debtors).
- deleted 6y ago[deleted]
- viburnum 6y agoAnnapolis convention fizzles out in 1786, the economic crisis leads to states providing relief to debtors, then 1787 Philadelphia convention rewrites the constitution to protect the bondholder class.