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To: Toddsterpatriot

So I guess you like inflation by both bankers and government then

“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;”

That means the USG, treasury not an unelected Fed, and Coin was understood to mean silver (which was common) or Gold.

Jefferson and Jackson had enough common sense to know that Bankers shouldn’t controll our money supply (where it would be easily manipulated). They didn’t need to harvard educated economists!


115 posted on 08/06/2009 9:48:16 AM PDT by JSDude1 (I'm a "Tea Partier" and proud of it..now can I have my check from Mr. State Farm man??)
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To: JSDude1
Jefferson and Jackson had enough common sense to know that Bankers shouldn’t controll our money supply

Jackson's big stand was to deposit Federal Tax receipts in state banks instead of the National Bank. How was he against bankers controlling the money supply?

116 posted on 08/06/2009 10:08:26 AM PDT by 10Ring
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To: JSDude1
So I guess you like inflation by both bankers and government then

Don't let that strawman fall on your head.

“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;”

The words gold and silver are missing from that passage.

That means the USG, treasury not an unelected Fed, and Coin was understood to mean silver (which was common) or Gold.

Now you're substituting your understanding for the actual words gold and silver?

118 posted on 08/06/2009 10:31:27 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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