"Congress may "provide for the general welfare of the United States," and may "regulate the value" of money... 1. The United States being in the possession of certain delegated powers, and not being in possession of any powers except such as have been delegated to them, they may "coin money," because the Constitution says they may, but they cannot issue paper, because the Constitution nowhere permits it. 2. The Constitution having prohibited the States from making "anything but gold and silver coin a tender in payment of debts," it follows that the Court of a State cannot make United States paper or any other paper such a tender, or compel a creditor to receive it in satisfaction of a debt. 3. The act of Congress above alluded to impairs the obligation of contracts, and is therefore unconstitutional." #Money #LegalTender #LawfulMoney read more, but with a big grain of salt because this article's author uses true premise to come to false conclusion: https://www.nytimes.com/1863/06/06/archives/the-legal-tender-decision.htm

Posted by MalikaDulce at 2020-10-21 17:48:41 UTC