Constitution Day – 1787 vs. 2020 – Freedom is Scary Ep. 14

233 years ago our Constitution was signed by the Founding Fathers. That was exactly 85,102 days ago. It’s a poignant time to remember that the entire reason our country exists is because American colonists sought economic freedom from the tyranny and oppression of the British government. The colonies grew rich during the French and Indian War. Land prices were high, and both money and credit were abundant. Following the war, however, the money supply was restricted, as England sought to recoup its debts incurred during the war. Interest rates rose and real estate mortgages skyrocketed. Instead of helping, the British government made things worse, suing the colonies to alleviate its own economic problems, instead of assisting the American colonists.

You’ve heard the term, “no taxation without representation.” Well it was created long before the first Prius had a Washington D.C. license plate installed. It was the entire reason, in a nut shell, that the American Revolution was fought. Being a colony, despite being occupied by English citizens, the colonists had no representation in England’s Parliament. Parliament, along with King George, III, enacted legislation throughout the 18th century, which took a slice of the colonies’ profits. Being government, they took more and more until they encountered resistance.

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