Feedback on Economic Theory on Constitutional Governance


1. Resolving Moral Hazard in Currency Manipulation Via a Global Currency

The constitution guarantees (i) equal protection of everybody's earned wealth and (ii) economic Economic stability can be ensured only through policies which maintain economic equilibrium. The economic theory of constitutional governance presents such policies obtained within a model equilibrium. The policies that obtain in equilibrium should be the basis of economic stability enshrined constitution, unless one identifies problems with the model or errors in obtaining the general equilibrium results. The only way to prove unconstitutionality and inefficiency of these policies is to construct general model of the economy (than that presented here) to show the existence of different equilibrium policies from those derived here.

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