Tag Archives | dollar

The Constitution And Paper Money

by Dr. Clarence Carson, FEE.org The United States Constitution does not mention paper money by that name. Nor does it refer to paper currency or fiat money in those words. There is only one direct reference to the origins of what we, and they, usually call paper money. It is in the limitations on the [...]

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Why the Founders Rejected a Central Bank

by Rep. Ron Paul The Latin term “fiat” roughly translates to “there shall be”. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the [...]

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The Falling Dollar and Rising Energy Prices

by Rep Ron Paul Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge.  How high can prices go?  How can we solve these problems?  What, or who, is to blame? Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal [...]

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