4.7 • 6.8K Ratings
🗓️ 12 May 2025
⏱️ 6 minutes
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0:00.0 | Welcome to the year 2000. |
0:02.8 | Everyone, everywhere, is having fun, except me. |
0:06.6 | On BBC Eye Player. |
0:08.0 | I worry you're growing up too fast. |
0:10.6 | Yeah, we can't be your little ducky forever, can I? |
0:13.0 | Inspired by a true story. |
0:14.8 | You walk out of this house a boy. |
0:16.4 | One day you'll come back. |
0:17.7 | When you do, you will be a man. |
0:20.2 | I won't hold your breath. What it feels like |
0:22.4 | for a girl. I wish I could look like you. Baby, you can. Why don't you? Watch on BBC I |
0:28.6 | Player. Where does the government get its power? The answer, of course, is from the Constitution. |
0:37.4 | But if you search the text, you won't |
0:38.8 | find anything about the IRS or the Commerce Department or the Federal Reserve. So on what basis |
0:45.3 | do these government agencies exist? The answer is found in the 1819 Supreme Court case of |
0:51.7 | McCullough v. Maryland, the most important Supreme Court decision |
0:55.3 | nobody knows anything about. To understand it, we need to review a little history. After the |
1:01.8 | Revolutionary War, America's finances were a mess. In 1790, the first Treasury Secretary, |
1:07.8 | Alexander Hamilton, advocated for creating a national bank to help stabilize |
1:12.4 | the economy and restore the nation's shuddered credit. Opponents of the bank, most notably |
1:17.9 | Thomas Jefferson and James Madison, argued that the Constitution didn't include any reference |
1:23.2 | to such an institution. To create one was, therefore, unconstitutional. |
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