In 1791, James Madison gave two major speeches on the National Bank, opposing it primarily on grounds that it wasn’t a power expressly delegated in the Constitution. He also rejected claims that used the general welfare and necessary and proper clauses, along with the power to borrow money, and the preamble.

Path to Liberty: April 14, 2021

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Thomas Jefferson: The Constitution vs the National Bank

James Madison’s Speech on the Bank Bill 2 February 1791

Necessary and Proper: Not Anything and Everything

James Madison’s Speech on the Bank Bill 8 February 1791

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