Quo Usque Tandem

How much longer must we endure the abuse of power?

“Which side are you on, boys?”

For some time, we’ve written that the most salient factor in markets and economics in our present moment is the political dimension of political economy. Of the three major macroeconomic factors—economic growth, the rate of inflation, and volatility—the last of these is the most with us of late and drives marginal pricing. Regime stability, consequently, is at a dramatic ebb.

This is due to the climate of uncertainty the present administration has engendered through its abrogation of the rights enumerated in the Declaration of Independence and Constitution of the United States, and the arrogation to itself of the powers those documents originally vested in the Legislature and Judiciary. The Executive makes law by decree; it serves as its own judge of the propriety of its actions. At no point in our history, save the Civil War, has the Executive claimed such compass for its power. It is an extremely dangerous time.

The radicality of the American Revolution, 250 years old this year, was its recognition and constitutional establishment that Power properly rests with and flows from the People. When a People no longer wish to assign their Power—have withdrawn their consent to its assignation—it is their right and duty to revoke it from those untrustworthy and maleficent actors who would use it against them.

And when that Power has once again been reassumed and reassigned to others who are fit and worthy of its exercise on the behalf of a great nation and a commensurately great People, Justice must be meted out and dealt those who committed and enabled these many offenses against the People. Justice must prevail. A society that submits itself to the rule of Law rather than the will of a single person requires it. If this government fails to establish justice, ensure domestic tranquility, and promote the general welfare, then it must be dissolved and replaced by one that can. May this nation’s quarter century witness a new rebirth of Freedom.