1824 Constitution of Mexico case of the physical or moral incapacity of the president, will receive all his authority and prerogatives. Like the Acta Constitutiva, the Constitution of 1824 was modelled on the Hispanic Constitution of 1812, not, as is often asserted, on the U.S. Constitution of 1787. Although superficially similar to the second U. S. Charter, and although it adopted a few practical applications from the U.S. Constitution, such as the executive, the Mexican document was based primarily on Hispanic constitutional and legal precedents. For example, although the Constitution of 1824 created a president, in Mexico the office was subordinate to the legislature.
Perspectives on capitalism by school of thought from taxation policy are achieved by optimizing the marginal tax rates to spur growth, although it is a common misunderstanding that supply side economics is concerned only with taxation policy when it is about removing barriers to production more generally. Today, the majority academic research on capitalism in the English-speaking world draws on neoclassical economic thought. It favors extensive market coordination and relatively neutral patterns of governmental market regulation aimed at maintaining property rights; deregulated labor markets; corporate governance dominated by financial owners of firms; and financial systems depending chiefly on capital market-based financing rather than state financing. Milton Friedman