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To: Travis McGee
What does our Constitution say about money? Remember, our FF knew all about deflation, hyperinflation, fiat currency etc. They had just lived through it!

They limited stuff in the constitution to compromises.

Hamilton and Jefferson led just 2 factions that were split on monetary policy.

Ironically (or not so), several other founding fathers had different views.

To really get into it, you have to go back and read either their biographies or essays or writings.

That said, just about any founding father in approach, would be raising hell today about us being off the gold standard, to all of them it was a basic common sense thing.

68 posted on 11/16/2005 12:31:38 PM PST by Sonny M ("oderint dum metuant")
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To: Sonny M

I've read the coin act, or whatever it was called. The bottom paragraph declares that anyone in the mint who debased the coins would be given the DEATH penalty. It's pretty clear about what they meant by Money: Gold and Silver.


75 posted on 11/16/2005 1:06:57 PM PST by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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