The problem with the Blue Sky Laws was that they were each state done separately and it was hard for states to manage what were, basically, national businesses.

蓝天法的问题在于,各州的法律都是分开制定的,由各州政府去处理,然而全国性的问题却无从解决

耶鲁公开课 - 金融市场课程节选

It is a right that attaches to individuals as human beings, even before government comes on the scene, even before parliaments and legislatures enact laws to define rights and to enforce them.

这种权利依附于个体而存在，甚至早于任何政府的建立，甚至早在任何议会和立法机关,制定法律定义权利并强制实施前，就已存在。

耶鲁公开课 - 公正课程节选