
When the US Government is given the constitutional power to do something, is it assumed that they must do it?
Article 1, Section 8 “The Congress shall have power to … coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures” Must they to coin money and regulate it? Are they then prohibited from removing coin money (eg. gold, silver) from the market?
No, I suppose the federal government technically doesn’t have to coin money just because they have the power to, but our economy operates on the fact that they do. The important thing about that provision when the Constitution was written was that the federal government has the *exclusive* power to coin money. Under the Articles of Confederation, each state had the power to coin their own money and it was economic chaos.
Currencies are moving to Gold Standard!
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Standard Catalog of World Gold Coins 1601-date CD 6th $32.99 |
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Standard Catalog of World Gold Coins 1601-date CD 6th $39.00 |
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Third Edition 1992 Standard Catalog of World Gold Coins $124.95 |
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A Further Essay for the Amendment of the Gold and Silver Coins. with the Opinion of Mr. Gerrard de Malynes, Who Was an Eminent Merchant in the Reign of Queen Elizabeth, Concerning the Standard of England. (1695) $11.45 Used – This book represents an authentic reproduction of the text as printed by the original publisher. While we have attempted to accurately maintain the integrity of the original work, there are sometimes problems with the original work or the micro-film from which the books were digitized. This can result in errors in reproduction. Possible imperfections include missing and blurred pages, poor pictures, markings and other reproduction issues beyond our control. Because this work is culturally |
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A Further Essay for the Amendment of the Gold and Silver Coins. with the Opinion of Mr. Gerrard de Malynes, Who Was an Eminent Merchant in the Reign of Queen Elizabeth, Concerning the Standard of England. (1695) $11.45 New – This book represents an authentic reproduction of the text as printed by the original publisher. While we have attempted to accurately maintain the integrity of the original work, there are sometimes problems with the original work or the micro-film from which the books were digitized. This can result in errors in reproduction. Possible imperfections include missing and blurred pages, poor pictures, markings and other reproduction issues beyond our control. Because this work is culturally |
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