Christophe Chamley e-mail
"Armed with the right arm to declare laws unconstitutional, the American magistrate constantly penetrates political affairs. He cannot force the people to make laws, but at least he compels them not to be unfaithful to their own laws and to remain in accord with themselves."
- Alexis de Tocqueville in Democracy in America (Complete Works, vol. I, p. 280)
Keynes on the Gold Standard.