"The Excess of Democracy": Rebroadcast
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The United States Constitution and Its Importance
The framers built in layers of veto power to check the democratically elected house of representatives. The authors believed that in order to make america a safer investment, they had to make America less democratic. They really believed that there was continuum or spectrum between if you move the needle towards more democracy, you're going to get less investment of capital. And if you move it towards towards less democracy, you's going to get more investment capital.
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