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Art I, Section 8 wrote:The Congress shall have Power...To coin Money, regulate the Value thereof, and of foreign Coin
Art I, Section 10 wrote:No State shall... grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts
Amazinz wrote:I don't think it's unconstitutional for two reasons. 1. If this was then almost any form of bartering that didn't use the dollar would be. 2. Ithaca is hardly the only one. There are a lot of places doing this.
Amazinz wrote:I edited that while you were quoting me. It has been going on for a long time. I am not expert on this topic. I really have no idea whether it is unconstitutional or not. But my hunch is that they would have been on it long before now if it was.
Amazinz wrote:Not sure I understand? Businesses opt in.
Amazinz wrote:I've read it and it's not that clear. And I would add that yours is not the common interpretation. As long as you are not mimicking federal money you are OK. And the motives behind that section had more to do with preventing the debt erasing that was going on during that time period than anything else.
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