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Geoff here, on my spouse's computer: Article 1, section 8 of the US Constitution discussed the above as among the US government's powers. Does the term still have validity today? As I understand it from the historical perspective, it meant legalized piracy. | ||
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Today it's called a "bailout." | ||
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Hi Geoff, alias Sunflower! Interesting...I've not heard of it before. According to Wikipedia, it's It almost seems like it's an excuse for piracy. | |||
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In essence, it was legalised piracy. Several holders took things to far and crossed over into out-and-out piracy. According to that Wikipedia page their issuance was ended by signatories to the 1856 Declaration of Paris. However, the USA was not a signatory to that declaration, so could in theory still issue letters of marque. Build a man a fire and he's warm for a day. Set a man on fire and he's warm for the rest of his life. | |||
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I'm wondering whether this provision of our Constitution is what's given Presidents the "legitimate" excuse for perpetrating wars unofficially. The USA has had a long history of foreign interventions sans decleration of war. The infamous Blackwater privateers are only the latest in a long line. The term seems anachronistic, yet is still current, though not used. Geoff - not Sunflower | |||
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