Federal Reserve Notes Take Over

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Part 11 of the U.S. Constitution and Money is available here and here

This article begins with the story of the removal of silver from the money system between 1933 and 1968. It goes on to the partial reintroduction of silver and gold in the 1970s. I then survey many court cases from 1968 onwards that pitted the courts, who favored FRNs, against gold and silver advocates. These battles put a number of constitutional issues on display. They do not reveal a flattering portrait of American judges and courts at work, to say the least. Besides monetary and constitutional ignorance and error, we see bias, stonewalling, evasions, inapposite citations, slipshod thinking, and worse.

5:04 pm on May 24, 2010