Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: rightwinghour

Gee, let’s ask the simple questions first.

— Why exactly is our current money “unconstitutional”?

— What would constitute “going back to constitutional money”? Be precise.


15 posted on 07/30/2008 4:56:00 PM PDT by Nervous Tick (I've left Cynical City... bound for Jaded.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Nervous Tick

Geez, try being polite. It goes a long way in a discussion. The answer is of course in the Constitution. Our current money is unconstitutional because it is fiat paper money, and is not backed by anything. The framers of the Constitution specified that only gold and/or silver could be used as money. The reason why is because if there is a printing press available to print money, governments inevitably print what they need/want, and the currency is devalued to the point of worthlessness. They knew this from experience because they printed “Continentals” during the war and it got so bad there was a saying: “not worth a Continental”. Going back to Constitutional money would mean at the very least stopping the printing presses completely and going on some kind of gold standard, or even a gold/silver hybrid of some sort. The devil is, of course, in the details.


25 posted on 07/30/2008 5:16:48 PM PDT by rightwinghour (http://rightwinghour.podbean.com/)
[ Post Reply | Private Reply | To 15 | View Replies ]

To: Nervous Tick
"Why exactly is our current money “unconstitutional”?

Because it is not Gold, or currency backed by gold.

"What would constitute 'going back to constitutional money?'

Coining money with appropriate intrinsic value, and printing currency backed by gold.

46 posted on 07/30/2008 6:13:02 PM PDT by editor-surveyor (Jimmy Carter is the skidmark in the panties of American History)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson