Monetary Constitution Seminar
Section 1, Spring 23
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This seminar will introduce students to the history and law of the financial infrastructure of our nation’s government. Key topics covered will include the national debt, the budget process, taxation, central banking, and economic growth. While only portions of these issues are explicitly addressed in the text of the Constitution, all are of a Constitutional character, for their resolution requires institutions that are stable yet flexible over time. Readings will relate to current fiscal issues and also include some of the most important state papers in the history of the United States, such as the opinions of Thomas Jefferson and Alexander Hamilton on the constitutionality of the Bank of the United States (1791) and Andrew Jackson’s Veto Message Regarding the Bank of the United States (1832). We will also read and analyze landmark Supreme Court opinions such as McCulloch v. Maryland (1819, upholding the constitutionality of the Bank of the United States), the Gold Clause Cases (1935, holding unconstitutional Congressional abrogation of the gold clauses in US debt instruments) and NFIB v. Sebelius (2012, upholding the Constitutionality of the Affordable Care Act). In addition to reading the specially prepared materials and discussing these important issues in the seminar, students are asked to prepare papers on a topic of their choice relating to the subjects covered in the materials. The objective of the seminar is to prepare its members to participate in a constructive manner in the important debates on these issues sure to unfold in the coming years, as well as to provide sophisticated advice to clients on the risks and opportunities that exist in the contemporary US economy.
Final Type (if any): None
Written Work Product
Written Work Product: Students will have the option of submitting either three 2400-3000 word papers responding to assigned readings chosen by the student, or one substantial research paper, which may be used to satisfy the upper-level writing requirement IF the student timely submits the required form to SRO. Students seeking to satisfy the upper-level writing requirement must timely submit a completed Writing Requirement 'Special Request" Form to the Student Records Office by Feb. 27th - retroactive exceptions will not be granted. The form and instructions for it are available via LawWeb.
Other Course Details
Prerequisites: None Concurrencies: None
Mutually Exclusive With: None
Laptops Allowed: Yes
First Day Attendance Required: Yes
Course Resources: To be announced.
*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: No
Satisfies Professional Ethics: No
*If “Yes,” then students are required to submit a substantial research paper in this course, which means students do not need to submit any form to SRO for this paper to meet their upper-level writing requirement. If “No,” then students must submit a “special request” e-form to SRO (available via LawWeb) no later than five weeks after the start of the term for a paper in this class to be counted toward the upper-level writing requirement.
**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.
Cross Listed: No
Cross-Listed Course Mnemonic:
Concentrations: Constitutional Law, Legal History, Public Policy and Regulation
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Friday, April 21, 12:01 AM
Evaluation Portal Via LawWeb Closes: Sunday, April 30, 11:59 PM