/biz/ - Business & Finance

>>58412272
>False. Article 1, Section 10, of the US Constitution explicity gives the federal government the right to print money and denies this right to the states.

That is true but states are not prohibited from issuing bank notes for gold and silver held in a state bank see pic related; see Biscoe v Kentucky where the Supreme Court ruled it constitutional.


https://ballotpedia.org/Briscoe_v._Bank_of_Commonwealth_of_Kentucky

It isn't a coincidence that states 23 states have recognized gold and silver as legal tender nor is it a coincidence that 5 states have permitted issue of the gold back voluntary currency.