To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States; These clauses permit Congress to coin money and to issue paper currency. By extension, under its ability to enact laws “necessary and proper” to carry out these powers (as stated at the end of Article 1, Section 8), Congress created the Federal Reserve System to regulate the nation’s monetary supply. Article 1 section 8 of Colonial Scrip - End the Fed - Support the The United States Constitution Congress at any time can take back the power given Unconstitutionally to the Federal Reserve and Colonial Scrip - End the Fed - Support the The United States Constitution
Posted on: Fri, 27 Sep 2013 18:49:56 +0000
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