The Constitution was adopted on September 17, 1787 — more than 225 years ago. That is long enough ago that it is easy to take for granted the rights protected by the Constitution. If given a chance to reflect, what constitutionally protected rights do Americans think are the most fundamental to our freedom? I conducted an informal poll, asking this question. The answer came almost universally—free speech and press. Both of these liberties form a part of the foundation upon which our freedom is based. But they are not the cornerstone of our freedom.
So, what is the cornerstone of the freedom that America has enjoyed for more than 225 years? It is found in our rights to property – our economic rights. The right to own and control one’s property, the fruits of one’s labor, and one’s inventions and creations is the cornerstone of our freedom. Why, you ask? How can the right to own something be more important than free speech? The answer is simple. Without property rights, no other important right can long survive. Property rights are the rich and fertile soil in which all other rights can grow and mature. Continue reading