...applied to the matter under discussion. "Money," says Alexander Hamilton, "is, with propriety, considered the vital principle of the body politic; as that which...enables it to perform its most essential functions." Now, so far as this "vital principle'.' is abstracted from the body politic, so far as it is dissipated...

...seduced us from the paths of felicity and prosperity. ON TAXATION [FROM "THE FEDERALIST," No. XXX.] Money is with propriety considered as the vital principle...enables it to perform its most essential functions. A complete power, therefore, to procure a regular and adequate supply of revenue, as far as the resources...

...Alexander Hamilton in the Federalist reveals the sensitiveness of government to the loss of power to tax : "Money is with propriety considered as the vital principle...the body politic, as that which sustains its life, • • • enables it to perform its most essential functions. A complete power, therefore, to procure...

...applied to the matter under discussion. "Money," says Alexander Hamilton, "is, with propriety, considered the vital principle of the body politic ; as that...enables it to perform its most essential functions." Now, so far as this "vital principle" is abstracted from the body politic, so far as it is dissipated...

...question. Without it, no government could long exist. As was said by Hamilton in The Federalist, No. 30: "Money is, with propriety, considered as the vital...enables it to perform its most essential functions. A complete power, therefore, to procure a regular and adequate supply of it, as far as the resources...

...be interwoven in the frame of the government, a general power of taxation in one shape or another. Money is with propriety considered as the vital principle...enables it to perform its most essential functions. A complete power therefore to procure a regular and adequate supply of it,2 as far as the resources...

...governmental responsibilities. In The Federalist, the proposition was formulated in these realistic terms : Money is, with propriety, considered as the vital...enables it to perform its most essential functions. A complete power, therefore, to procure a regular and adequate supply of it, as far as the resources...

...governmental responsibilities. In The Federalist, the proposition was formulated in these realistic terms : Money is, with propriety, considered as the vital...enables it to perform its most essential functions. A complete power, therefore, to procure a regular and adequate supply of it, as far as the resources...

...Fellow in Economics 77-H21 0-81 12 DOES A BALANCED BUDGET FIT INTO THE AMERICAN CONSTITUTIONAL SCHEME? "Money is, with propriety, considered as the vital...motion, and enables it to perform its most essential functions.11 So said Alexander Hamilton in Federalist Paper 30. The Framers of the Constitution and...

...power to tax, Hamilton again insists that no limits can reasonably be imposed in the Constitution. Money is, with propriety, considered as the vital...enables it to perform its most essential functions. A complete power, therefore, to procure a regular and adequate supply of revenue, as far as the resources...