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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Jim S who wrote (48952)6/18/2006 2:39:49 PM
From: Solon  Read Replies (1) | Respond to of 90947
 
"It has nothing to do with whether the Congress can make unbacked paper money a valid currency."

I think the Coinage Act of 1792 made it clear what the Federal Policy was. This Act established a Silver Standard as official Government policy. The fact that it has since been changed does not obscure the original intentions or practices.

landru.i-link-2.net



To: Jim S who wrote (48952)6/18/2006 2:51:04 PM
From: Solon  Read Replies (1) | Respond to of 90947
 
"Yep, STATES can't make anything except predious metals a currency"

But they CAN make gold and silver legal tender because it was the only legal tender recognised at that time by the Constitution and it thus conformed to Federal policy and intent. Aluminum bottles were not recognized and neither was cheap paper!


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