“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
For 150 years, many constitutional commentators argued that by the document’s original meaning, Congress had no authority to issue paper money. Libertarians therefore argued that paper currency was unconstitutional. Liberals often agreed that the original meaning...
by Rick Lynch, Future of Freedom Foundation Why do we have a Constitution? How and why did it come into existence? Just what, exactly, prompted the calling of the Constitutional Convention, which gave birth to it? Most Americans believe, logically enough, that with...
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...
