It has become disconnected from the Natural Law foundation upon which this nation's government was originally based.
Article 1, Section 8, Clause 5 of the Constitution is often used to say that States are prohibited from producing currency, but the whole and entire clause says that Congress shall have power...
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”
An argument could be made that this doesn’t specifically prohibit States from coining money. It clearly gives Congress the right to coin money, but it doesn’t expressly prohibit States from doing so.
I do not believe that FedZilla will tolerate such a thing for one moment. Their power structure is totally dependent upon phoney money by Fiat, and they will regard with maximum threat level, any effort to get out from under their phoney money scheme.
I have long felt that any effort which does not somehow deal with the currency warpage resulting from the Keynesian Malthusians currently exploiting it, is not going to succeed.
The National Banking Act of 1863, signed by Lincoln of course, established a national currency. It also treated other currencies differently for tax purposes, effectively killing all other forms of money in our country. Until then, currency was issued by states, and even more so by banks and other local institutions. I own a nearly 200 year old book that includes the then-current exchange rates among different local/private currencies and foreign coins in the fledgling United States.