The concept was there. Our Founders were ienfuelcnd greatly by the Scottish philosophical movement that Adam Smith was a major part of. The Federalist Papers, which were written by James Madison, John Jay and Alexander Hamilton in order to explain the Constitution and their vision of what the federal government would become, are chock full of Smith’s ideal amongst others. They wanted the individual to have as much freedom as possible and the government, especially the federal government, to butt out as much as possible. This was because they saw what destroyed Rome and also because the Crown that they just fought against continually told them what they could buy who they could buy it from and how much could be charged. (much like Obama is doing).
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