Daily Archives: February 2, 2010

Ron Paul Bill Seeks to End Legal Tender and Taxes on Coins

Congressman Ron Paul has introduced a bill in Congress that would really break the logjam of monopolized money and economic depression. This article from Coin News gives the highlights.

Here’s one significant quote:

“There is nothing in the Constitution that grants the Congress the power to enact legal tender laws. We, the Congress, have the power to coin money, regulate the value thereof, and of foreign coin, but not to declare a legal tender. Yet, there is a section of US Code, 31 USC 5103, that purports to establish US coins and currency, including Federal Reserve notes, as legal tender.”