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South Carolina lawmaker wants separate currency for state
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<p>[QUOTE="hontonai, post: 1104015, member: 4703"]The last time I checked, paper currency, whether or not "backed" by gold or silver, is <i>not</i> "gold and silver coin".</p><p><br /></p><p>I sure don't see how this proposal could pass muster under the clear language of Article 1, Sec. 10 of the US Constitution:</p><p><br /></p><blockquote><p><b>No State</b> shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; <b>coin Money</b>; emit Bills of Credit; <b>make any Thing but gold and silver Coin a Tender in Payment of Debts</b>; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.</p></blockquote><p><br /></p><p>(All "strict constructionists" among us, please take note - the quoted language is an original part of the Constitution, not part of <i>any</i> amendment, and not an "interpretation" by the Supreme Court.][/QUOTE]</p><p><br /></p>
[QUOTE="hontonai, post: 1104015, member: 4703"]The last time I checked, paper currency, whether or not "backed" by gold or silver, is [I]not[/I] "gold and silver coin". I sure don't see how this proposal could pass muster under the clear language of Article 1, Sec. 10 of the US Constitution: [indent][B]No State[/B] shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; [B]coin Money[/B]; emit Bills of Credit; [B]make any Thing but gold and silver Coin a Tender in Payment of Debts[/B]; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.[/indent] (All "strict constructionists" among us, please take note - the quoted language is an original part of the Constitution, not part of [i]any[/i] amendment, and not an "interpretation" by the Supreme Court.][/QUOTE]
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