This morning I came across the following sentence on pg. 58 of John Kenneth Galbraith's A Short History of Financial Euphoria: "The Constitution forbade the federal government and, needless to say, also the states to issue paper money." Article 1, section 10 says that states can't issue paper money, but where does the Constitution say that the federal government can't?
posted by timmygoestothezoo on Jul 5, 2009 - 9 answers