The Boundaries of Fiscal and Monetary Policy
The main purpose that the framers had in their minds was to establish a limited representative government in the newly joined former colonies. The various elements of the Constitution must be viewed as instruments that perform all of the purposes they were designed to serve. Popular sovereignty, as well as rules of law federalism, representation of the political checks and balances, and the separation of power between the executive, legislative, and judiciary branches, were thought of by the authors of the Constitution as the perfect structure to serve as a guarantor for the self-evident truths proclaimed a couple of years...