In an essay by DEAN CLANCY, we take a closer look at what money is, what the US Constitution says about money, and why it is important to today’s political events. About a ten minute read. a number of things I’ve not seen discussed elsewhere before.
There are a couple of angels on things there that are first for me, such as : “5. Fiat money notes (‘bills of credit’) are forbidden.” Equating fiat money with bills of credit is interesting.
Overall, well worth a read if you are into money or politics.
FWIW, at the current price of silver, $20 in constitutional dollars of silver is worth about $380 in Federal Reserve Notes.
1 thought on “The Constitution’s Seven Money Clauses”
The melt price of a Washington quarter (1932-1964) is $4.26, or a factor of ~17. $20 x 17 = $340.
That’s how much our wealth has been devalued by an inflated fiat currency.