The Daily Paul is a community website with no official affiliation with Ron Paul. The content of posts and comments on the Daily Paul represent the opinions of the original posters, and are not endorsed, approved, or otherwise representative of the opinions of the Daily Paul, its owner, site moderators or Ron Paul. This site may contain adult language and adult concepts. If you are offended by such content, or feel you may be offended by such content, point your browser to a different site immediately. For more, read the Full Disclaimer
© 2007 - 2013 by The Daily Paul. Not paid for by, nor officially affiliated in any way with Ron Paul.
General Site Disclaimer | DMCA Disclaimer | Advertise here


Comment: I love when
I love when
I love when pseudo-intellectuals take a word written 225 years ago and apply a definition written less than 225 days ago; their lack of sophistication and intelligence is quite telling.
Regulate: modern meaning: to control
Regulate: 1787 meaning: to make regular;
modern equivalent: to make uniform
So then Article 1 section 8 states:
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
However, when we make the substitution we see what it says:
To coin Money, to make uniform the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
This certainly is different then if we use the modern definition substitution:
To coin Money, to control the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
The original definition didn't grant Congress the authority to set the value of money, but it granted Congress the authority to make sure the value was uniform throughout the States; meaning that a 25.8 grains troy Gold coin had the same value no matter which State one was in.
Also, as the direct quote provided proves that the founders did allow for other coins to be in used, by stating that Congress has the power to make uniform foreign coin; meaning that foreign coins were allowed to be used in THE United States Of America, but it was Congress' job to ensure the value was uniform with respect to its weight and composition.
Also, that particular section of the Constitution didn't forbid other currencies being used.