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We spent two weeks of the Spring Semester discussing the Constitution of the United States of America – it’s origins, its content, and some of its economic interpretations and consequences. An important role of the Constitution is that it defines and limits the authorities and relationships between the federal government, the state governments, and individuals. In doing so, it establishes some of the important “rules of the game” that govern our economy. Two features, the separation of powers and the system of
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