Comment: The question is whether or

In post: FORBES: Signs of the Gold Standard are Emerging from Germany

In reply to comment: You're correct. The usually (see in situ)

The question is whether or

Submitted by jgibbons on Fri, 09/28/2012 - 00:57. Permalink

The question is whether or not a gold standard is required by the U.S. Constitution, not what constitutes legal tender. Further the federal government was empowered with the authority to coin money which would indicate that they are the authority in dictating monetary guidelines, not the states. Unfortunately the Constitution does not clarify the federal governments' required legal tender or monetary basis, only the states legal monetary form.

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