1/15/2024 0 Comments Us acts outlawing coin circulation![]() ![]() Such paper is a device for expanding the credit of the issuer. Paper that was intended to circulate as money but was not redeemable in gold and silver was technically described as bills of credit at that time. It might be supposed that the makers of the Constitution were only incidentally concerned with the dangers of paper money. It is in the limitations on the power of the states in Article I, Section 10. There is only one direct reference to the origins of what we, and they, usually call paper money. Nor does it refer to paper currency or fiat money in those words. The United States Constitution does not mention paper money by that name. Carson was written in The Freeman shortly after his passing. He was the author of several books, including Organized Against Whom? The Labor Union in America and A Basic History of the United States. ![]() Carson (1925-2003) wrote and taught extensively, specializing in American intellectual history.
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