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Money Quote Friday - Article One, Section Ten, U.S. Constitution Edition.

Posted by david | May 23, 2008


“No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money…”
-Article One, Section Ten, United States Constitution


Oh how far we have come - credit and debt is the way of the world, and money is not backed by anything solid anymore. Have a great weekend everyone!

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    3 Comments so far
    1. Maria @ Financial-Tip May 23, 2008 7:56 pm

      And we are slaves to an illegal money system. Happy Memorial Day!

    2. Wess Stewart May 23, 2008 10:02 pm

      Of course, that says no STATE. It still doesn’t exclude the Federal Government from doing whatever it wants.

      Ron Paul was trying to explain that to people, but the media marginalized him and everyone claimed he was crazy.

      Frankly, he’s the man.

    3. Corey Williams May 24, 2008 8:36 am

      Great post!

      Don’t forget the most important constitutional influence on modern commerce that gives congress the power of the purse.

      Section 8:

      To regulate commerce with foreign nations, and among the several states…

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