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- New evidence on the constitutionality of paper money
There is no question that the Constitution forbids states from issuing one kind of paper money—bills of credit—and from decreeing as legal tender anything other than gold and silver coin See Article I, Section 10, Clause 1
- Constitution and Financial Regulation – U. S. Constitution. net
Article I, Section 8 of the Constitution granted Congress the power to coin money, regulate its value, and fix standards of weights and measures This provision aimed to eliminate financial anarchy by ensuring a stable, uniform currency and curbing individual states' ability to issue currency
- States and Coining of Money and Issuing Bills of Credit: Overview
Within the sense of the Constitution, bills of credit signify a paper medium of exchange, intended to circulate between individuals, and between the government and individuals, for the ordinary purposes of society It is immaterial whether the quality of legal tender is imparted to such paper
- The Constitution’s Seven Money Clauses – Dean Clancy
Seven clauses of the United States Constitution touch on questions that might be described as relating to monetary policy Properly interpreted, these seven clauses together form a system of rules that strongly protects economic prosperity and political liberty
- Appropriations Clause - The National Constitution Center
Congress’s “power of the purse” is at the foundation of our Constitution’s separation of powers, a constitutionally mandated check on Executive power The Appropriations Clause would appear to categorically enjoin the President and federal agencies to spend funds only as appropriated by Congress
- Money Matters - Constitution
However, it only constitutionally applies to non-state U S territory, such as federal enclaves created under Art I Sec 8 Cl 17 or incorporated territory under Art IV Sec 3 Cl 2 Antebellum Money Cases, including some civil war legal tender cases Compiled by Larry Becraft
- The Constitution on Money | US Money
The Constitution says Congress has the power “To borrow Money on the credit of the United States ” This clearly authorizes Congress to borrow existing money guaranteed by America’s full faith and credit
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