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To: Sonny M

What does our Constitution say about money? Remember, our FF knew all about deflation, hyperinflation, fiat currency etc. They had just lived through it!

Section. 8. Clause 2: To borrow Money on the credit of the United States;

Clause 5: To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

Section. 10. Clause 1: No State shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;


53 posted on 11/16/2005 11:56:27 AM PST by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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To: Travis McGee
What does our Constitution say about money? Remember, our FF knew all about deflation, hyperinflation, fiat currency etc. They had just lived through it!

They limited stuff in the constitution to compromises.

Hamilton and Jefferson led just 2 factions that were split on monetary policy.

Ironically (or not so), several other founding fathers had different views.

To really get into it, you have to go back and read either their biographies or essays or writings.

That said, just about any founding father in approach, would be raising hell today about us being off the gold standard, to all of them it was a basic common sense thing.

68 posted on 11/16/2005 12:31:38 PM PST by Sonny M ("oderint dum metuant")
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