The Economy in Perspective
On the road (again) … America, it is said, is a nation that keeps reinventing itself. By committing themselves to respect free speech, private property, and unimpeded commerce, our immigrant founders declared that a democratic process was more important than enshrining privileges for any particular group or region. They established certain protections for the rights of all citizens to minimize the likelihood that minority interest groups would be tyrannized by the majority. And over time, the spirit of that bold experiment led to expanding the voting franchise to groups of people who had once been excluded.
Suggested citation: “The Economy in Perspective,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-02, pp. 01, 02.01.1996.