The Competitive Enterprise Institute, an unjustly overlooked libertarian think-tank, has hit upon the perfect solution to the piracy problem. Free-market, revenue-enhancing, and unquestionably constitutional.
Words cannot express the joy I feel at being the first to bring this suggestion to the attention of the P4500 community.
In doing a quick bit of background research for this post, I discovered that Ron Paul proposed resurrecting letters of marque and reprisal after the 9/11 attacks as a method for dealing with terrorists. I don't know how I missed it at the time. However, his proposal seems to have been a way to avoid declaring war on states, rather than encouraging privateers.
My appreciation to Tapped for reading CEI press releases.