The Framers’ View of Property

Event Markets and Finance
Event Markets and Finance

March 19, 2019 The Framers’ View of Property

Tuesday, Mar 19, 2019

11:00 am - 12:00 pm

The Heritage Foundation

214 Massachusetts Ave NE
Washington, DC
20002

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Description

Contemporary Supreme Court jurisprudence treats “property” as far less deserving of judicial protection than “life” or “liberty.” The Supreme Court, however, has misread American legal history. Anglo-American traditions, customs, and law held that property was an essential ingredient of the liberty that the colonists had come to enjoy and that must be protected against arbitrary governmental interference. The Framers' generation believed that “property” and “liberty” were equally important institutions and that neither one could exist without the other. The Framers venerated property as a means of guaranteeing personal independence because (among other things) the concept of “property” embraced the legal rights to which everyone was entitled, such as the right to governance under “the rule of law.” Property was not immune from regulation, but that regulation had to be for the purpose of promoting “the general Welfare,” not the interests of specific groups or people. It is time for the Supreme Court to revisit Anglo-American legal history and to re-examine its precedents in light of what that history teaches.

For a complete list of speakers, topics, and dates of the Free Markets: The Ethical Economic Choice speaker series visit heritage.org/free-markets.

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