What Did The Framers Of The Constitution Specifically Do To Protect Property Rights?
Seeing all the plundering of property going on through the state legislatures and the harmful impediments to commerce erected by the states, the framers did several things in the Constitution to stop the excesses. As discussed in the prior article, the commerce clause [57] gave Congress the power to regulate interstate and international commerce. For well over a century of our national existence under the Constitution, this power was only used in a negative sense, to block various state laws that negatively impacted such commerce. Not until the New Deal era, did the Supreme Court interpret it as some sort of open-ended federal police power to regulate everything under the sun no matter how tenuous the connection to interstate commerce. The states were prohibited from issuing bills of credit [58] , or paper money, and Congress was given the exclusive power to coin money and regulate the value thereof. [59] Along with this power, Congress was given the power to punish counterfeiting. No
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