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Buying Power
The ability of individuals or entities to purchase goods and services, often influenced by income levels, inflation rates, and economic conditions.
Lochner V. New York
A landmark U.S. Supreme Court case from 1905 that struck down a New York law limiting the working hours of bakers, setting a precedent for the limitation of state interference in private contracts.
Right To Contract
A legal principle affirming individuals' ability to freely enter into binding agreements without government interference.
Bully Pulpit
The bully pulpit refers to a powerful platform, particularly that of the U.S. presidency, used to promote an agenda and influence public opinion and policy.
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