One nation under God

Liberty and Justice for All

2005-06-26

The Power to Coin and Regulate Money

From the disastrous results of the Depression, we can understand why our Founding Fathers insisted on placing the power to "create" money and the power to control it ONLY in the hands of Congress. They believed that ALL citizens should share in the profits of its "creation" and so the national government must be the ONLY creator of money, and by law, the ONLY controller of the value of money.

Since Congress was the only legislative body subject to all the citizens at the ballot box, it was, to their thinking, the only safe place for such profit and power. They wrote it out in the simple: "Congress shall have the Power to Coin Money and Regulate the Value Thereof."



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