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@ Brunswick
2025-03-31 13:23:53
The gold and silver restriction is on the States, not the Congress, to transact only in gold and silver, and not emit bills of credit (issue bonds).
Article I, Section 8, paragraphs 5&6:
[The Congress shall have Power]
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;
Article I, Section 10, paragraph 1:
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.