Power to Coin and Regulate Money
When we can see the disastrous results of an artificially created shortage of money, we
can better understand why our Founding Fathers, who understood both money and God's Laws,
insisted on placing the power to "create" money and the power to control it ONLY
in the hands of the Federal Congress.
They believed that ALL Citizens should share in the profits of its "creation"
and therefore the Federal government must be the only creator of money. They further
believed that all citizens, of whatever state, territory or station in life, would benefit
by an adequate and stable currency. Therefore, the Federal government must also be, by
law, the only controller of the value of money.
Since the Federal Congress was the only legislative body subject to all the citizens at
the ballot box, it was, to their minds, the only safe depository of so much profit and so
much power. They wrote it out in simple, but all inclusive manner: "Congress shall
have the power to Coin Money and Regulate the Value Thereof."
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