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To: libertyman
the gold standard, which the Constitution REQUIRES

No, it doesn't. Art. I, §10 forbids the states from issuing paper money.

66 posted on 07/18/2005 2:39:01 PM PDT by SedVictaCatoni (<><)
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To: SedVictaCatoni
The Constitution doesn't mention paper money. In fact, the Constitution goes even FURTHER than what you suggest: it prevents the states from accepting anything but gold & silver coin in payment of debts. James Madison srtongly criticized what he called "a rage for paper money" in The Federalist # 10.

Sounds like the Founders set a gold standard to me.

80 posted on 07/18/2005 7:49:16 PM PDT by libertyman (It's time to make marijuana legal AGAIN!!!)
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