But those Rights and Priviledges, which I call English, and which are the proper Birth-Right of Englishmen, and may be reduced to these Three. I. An Ownership, and Undisturbed Possession: That what they have, is Rightly theirs, and no Body's else. II. A Voting of every Law that is made, whereby that Ownership or Propriety may be maintained. III. An

It is this understanding of the primacy of law over government which has been lost, and it has been lost in the transition from monarchy to government based on the will of the people. What the Stuart kings could not accomplish - the primacy of government by prerogative - representative government has.

term relations established through credit and debt, by which commitments are forged which shape life situations in an ongoing fashion. These commitments are freely engaged, rather than imposed. (124) They form the backbone of the free society and the civil condition, and <82>enable it to function. Without them, the return to autarchy and mono

society. Justice cannot be achieved until atonement is achieved: ancient societies perceived this, and made sacrifice - plant, animal, even human - an integral part of their public life. Modern man thinks he has escaped this necessity, relegating religion to the private sphere, secularizing the public square. This is pure self-deception.

leading market actors to treat these securities as investment-grade, thus capable of being used as the basis of further lending. (134) In this manner, the asset base upon <90>which the financial system rests was fatally undermined.

the economy runs on two levels simultaneously: the level of credit and debt, and the level of production and consumption. "[In

Grotius simply transferred the character of Bodinian sovereignty to subjective right.

We are a far cry from Keynesian prescriptions of demand-side government stimulus. The role of the sovereign is not to act to override the mechanisms of valuation inherent in the legal order when the signals they send are unpleasant, but rather to uphold them in common-law fashion.

Hence, the doctrine of precedent is the threefold doctrine of security, liberty, and equality - Security, in that it leads to the expectation that disputes will be decided in the future as they have been decided in the past; Liberty, in that subordinate individuals will not be subject to the capricious will of superiors; Equality, in that all indiv