Currency is created by the Federal Reserve. They create it out of nothing and lend it to the United States.
See Ellen Brown's "Web of Debt" or "The Creature from Jekyll Island" for a full discussion of how the people of America lost control of their own currency to a cartel of private banks.
gold
The Articles of the Confederation is what the framers based its decisions to deny currency power. currency power is the ability to regulate money.
The Currency Act prohibited the issue of any new bills and the reissue of existing currency
The act prohibited the issue of any new bills and the reissue of existing currency.
The Articles of Confederation allowed the individual states to issue their own money and regulate its value. The articles also established state currency as legal tender. This led to unstable financial conditions across states, as some states created high inflation by printing too much currency. Rhode Island was one state that printed excessive currency, sparking inflation
issue a national currency
The framers believed that giving Congress power of currency was the best idea because Congress member were elected directly by the people.
Governments issue currency, and if you trust the government, you will trust its currency.
The power to coin money is an expressed power. This is a power that is provided to Congress in Article 1, Section 8 of the US Constitution.
gold
The issue of currency in India is controlled by the Reserve Bank of India.
Yes
china
CHINA
The Articles of the Confederation is what the framers based its decisions to deny currency power. currency power is the ability to regulate money.
The Currency Act prohibited the issue of any new bills and the reissue of existing currency
Yes, the constitution specifically removed the ability of the states to issue currency.