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“The conditions which existed when the constitution was framed are no longer existent,” Seligman wrote. “During the last century…the development of the underlying economic and social forces has created a nation, and this development calls for uniform national regulation of many matters which were not dreamed of by the founders.” He noted, “Let us not make a fetich of ‘self-government,’ and let us not oppose central authority in those cases where self-government means retrogression rather than progress.”[11]
The Money Kings: The Epic Story of the Jewish Immigrants Who Transformed Wall Street and Shaped Modern America
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