January 22, 2012 § Leave a comment
Ron Paul is not telling the Truth when saying the Constitution forces specie as legal tender.
The documentary, Fiat Empire, makes the claim:
“When you suggest to people that their money should be gold or silver coin, as it says in the Constitution, they sometimes stare at you with a blank expression, or make the most extraordinary comments.“
In some cases, those responses are justified, since the Constitution doesn’t say money should be gold or silver coin.
Article I, Section 8 of the Constitution grants Congress the power “To coin Money,” but nowhere is the word “money” defined in the Constitution.
The Coinage Act of 1792 provided for the coining of copper, in addition to gold and silver, and made those coins lawful tender, showing that something other than gold and silver were coined as money by Congress during the era of the Founding Fathers.
Some cite Article I, Section 10 to claim the Constitution says money should be gold or…
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