The dollar is supposed to be equivelent to x grains of gold according to the Constitution - but we have a Fractional Reserve debt slip in our pockets instead. Since when did law matter?
Bring Back Honest Money by Rep. Ron Paul, MD
Ron Paul in the US House of Representatives
shouldn't that be Ron Paul- TX??
Where in the Consitution does it say this. The Constution, in Art 1 Sec 8, gives Congress the power to:
"To coin Money, regulate the Value thereof and of foreign Coin, and fix the standards of Weights and Measures".
I can find nothing fixing the number of dollars to the grain of gold, or any other metal. (Silver was also used for coins)