Originally posted by Danny B
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Money and the Constitution
The Constitution contains only two sections dealing with monetary issues.
Section 8 permits Congress to coin money and to regulate its value.
Section 10 denies states the right to coin or to print their own money.
The framers clearly intended a national monetary system based on coin and
for the power to regulate that system to rest only with the federal government.
If the federal government only is permitted to issue money, coin or paper,
then how could state banks issue money?
Al
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