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To: Enterprise

The same principle’s apply, but this wasn’t a business. It was a state toll authority. In essence the state issued money, which it later devalued to zip.


51 posted on 09/16/2007 10:11:25 AM PDT by spunkets ("Freedom is about authority", Rudy Giuliani, gun grabber)
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To: spunkets
In essence the state issued money, which it later devalued to zip.

Wow! You need a course on money. Money is gold and silver stamped into coins. The States are forbidden to coin money by Article I Section 10 of the Constitution. It is true that most people consider the paper stuff we carry around in our pockets these days to be money but really these things are bills of credit, which the States are also prohibited from issuing. Tokens are not "State issued money."

ML/NJ

76 posted on 09/16/2007 1:27:56 PM PDT by ml/nj
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