NESARA
The National Economic Stabilization and Recovery Act

Monetary and fiscal policy reform that will double the standard of living for every American
within one generation and restore economic and social prosperity across the land.

 
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Court Cases Cited Within This Web Site
Panama Refining Co. vs. Ryan 293 U.S. 388 (1935)
 

The Great Depression caused numerous economic problems, including faltering oil prices because of overproduction and general economic slowdown. Parts of the oil industry sought relief through Congressional controls. The National Industrial Recovery Act (NIRA) of 1934 provided the president authority to prohibit interstate oil shipments if the oil was produced in excess of state quotas.

The excess oil was commonly referred to as “hot oil.” This “hot oil” provision was seen as an unconstitutional delegation of legislative powers to the executive branch, thus violating the doctrine of separation of powers.

The Supreme Court held the statute unconstitutional and invalid. The reason was that although Congress can never foresee all future ramifications of legislation, Congress had nonetheless failed to provide a “primary standard” to guide the executive branch. This oversight allowed the president to act as he pleased rather than within an administrative role.

Full Text: Panama Refining Co. vs. Ryan 293 U.S. 388 (1935)

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