The Declining Dollar

Lew Rockwell ^ | 06-05-02 | Ron Paul

[rohry]

I think we scared poohbah away (especially spoosman). Or maybe he had to go back to work at the Fed...

It's tough work printing all those Federal Reserve Notes...

[Life of Brian]

'Coining' WHAT?

There is absolutely no doubt that when the framers wrote "To coin" and "shall coin" they were referring to the production of physical gold and silver coin, having a specific weight. They were not referring to some philosophical concept of money.

Right on new spoosman! Way to get to the heart of the matter. They were 'coining' something PRECIOUS. A precious metal. A rare metal. Not some piece of crap from the tin pile like they do today.

[Life of Brian]

"What was the "current coin of the United States" at the time the constitution was written? It was gold and silver coin. In the sentence where "coin" first appears, by the phrase "to coin", we have immediately following in the same sentence three references to physical gold and silver coin, because at the time the constitution was written this is what coin was -- physical units of gold and silver having a specific "weight". At the time the constitution was written, in the minds of those that wrote the phrase "to coin" the only thing they could have been thinking is the manufacture of physical gold and silver coin, having a specific designated weight, and that this coin was not to be counterfeited."

not to be counterfeited

not to be counterfeited

not to be counterfeited

couldn't be plainer. Bravo NS!

[Dukie]

The advocates of fiat currency are the descendants of the weavers of the emperor's new clothes.

[The Scorpion King]

If this is implemented and the U.S. goes back to using real money, then our lifestyles as Americans would radically change. The money supply would become very tight, and Americans would be forced to end our love affair with the credit cards. America would have to ditch the Federal Reserve System with it's worthless "fiat currency." Government would be forced to live within it's means, and rein in spending, or else the government would devalue it's own currency.

A return to the Gold Standard might be the best thing that happened to American in a long time!

[Dukie]

That's not the legal definition; it's merely a linguistic one.

Linguistic definition ? Legal definition ? Common law definition ? Semantic definition ? Why not just adhere to the definition of coin or to coin as they were understood by the framers ? Or attempt to amend the Constiution to say "create" or "print".

You are just hell-bent on giving Russia and South Africa control of our economy, aren't you?

Not at all, Poohbah. Isn't our wrongheaded "energy policy" more responsible for Saudi influence on our economy and foreign policy ? However we are self sufficient in proven silver deposits, even if we officially remonitize the metal, as the US is the world's leading producer.

It is clear that we shall agree to disagree on this matter, but I have enjoyed the exchange of ideas.

[Mo1]

HERE IS YOU CHANCE TO KILL THE BIRD POSTS AND

SUPPORT FREE REPUBLIC

Donate Here By Secure Server

Or mail checks to
FreeRepublic , LLC
PO BOX 9771
FRESNO, CA 93794

or you can use

PayPal at Jimrob@psnw.com

Thank you Registered!
STOP BY A BUMP THE FUNDRAISER THREAD