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Bills of Credit

January 25, 2010 by Bdoga 

continentalCan a state emit bills of credit (paper money)?

Answer: No.

Reference: Article 1, Section 10, Clause 1

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One Response to “Bills of Credit”

  1. Today on Pyrolitical.com January 25, 2010 | Randall Hinton's Weblog on January 25th, 2010 8:41 pm

    [...] Bills of Credit Can a state emit bills of credit (paper money)? Answer: No. Reference: Article 1, Section 10, Clause 1 [...]

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