The End of Money…
My latest book, The End of Money and the Future of Civilization , can be ordered from Amazon.com , or your local bookstore. You can also read a preview at Google Books.To order signed copies of my previous books, click on the title below:
Money: Understanding and Creating Alternatives to Legal Tender
Beyond Money- Upcoming event: Exploring the Sustainability Challenge with Thomas H. Greco, Jr. February 14, 2023It should be clear by now that there are many aspects of our present civilization that are neither just and equitable nor sustainable. But in the midst of the deepening global mega-crisis we have the opportunity to re-imagine and reinvent the … Continue reading →
- 2023 Winter Newsletter–Answers to the Money Problem, and the state of the World February 2, 2023In this isssue I describe what private currency vouchers are and how they can help solve the money problem that I’ve been writing about for the past 35 years. Here’s the full table of contents: You can read the entire … Continue reading →
- Private Currency Vouchers: an Answer to the Money Problem January 17, 2023Unlike, government and central bank fiat currencies which promise nothing but their acceptance as tax payments, private currency vouchers promise to be redeemed for real valuable goods and services. If the issuer is trustworthy and can be counted on to … Continue reading →
- Webinar reprise: Our Money System – What’s Wrong with it and How to Fix it December 24, 2022Last year (2021) I gave a three part webinar presentation for The Henry George School of Social Science. In case you missed it, here is the description and the link to the recorded sessions. For each part you will find … Continue reading →
- Bitcoin, Blockchain, and the end of money as we’ve known it December 1, 2022Whether one likes it or not, the end of money as we’ve known it is at hand. From a more or less conventional perspective it may look something like what David G.W. Birch describes in his Forbes article, Payments In … Continue reading →
- 2022 September Newsletter – Economic Prospects and Exchange Innovations October 6, 2022In this issue: The Legacy and Vision of Dee Hock (b. March 21, 1929 – d. July 16, 2022) I had occasion to meet Dee Hock in September of 1995 when we were both invited to participate in the first … Continue reading →
- June 2022 Newsletter–Reconnecting the Monetary Economy to the Real Economy September 13, 2022I’m a little late in posting this here, but if you didn’t see it when I first sent it out, I think you will find it interesting and useful. 2022 June Newsletter ― Reconnecting the Monetary Economy to the Real … Continue reading →
- Reprising Beyond Money Podcasts September 10, 2022During 2019 and 2020 we recorded a series of ten podcast interviews with leading experts and social entrepreneurs who have been working on developing and implementing improved means of exchange aimed at making the economy more equitable and ecologically sustainable. … Continue reading →
- One of my most popular posts–There once was a river …an allegorical tale of money and credit August 27, 2022One of my most popular posts has been, There once was a river …an allegorical tale of money and credit, in which I’ve tried to show how we have all become slaves to money and those who control money. Using … Continue reading →
- Shall We Have Honest Money–or Inflation, Depression, and War? August 2, 2022This little vignette written by Don Werkheiser remains one of the best concise explanations of inflation I’ve ever seen. It was published in the spring 1982 edition of Green Revolution, the journal of the School of Living a non-profit organization … Continue reading →
- Upcoming event: Exploring the Sustainability Challenge with Thomas H. Greco, Jr. February 14, 2023
Devoted to the liberation of money and credit, and the restoration of the commons
Beyond Money 
In the case of Julliard v. Greenman, the United States Supreme Court held that: 1) Congress had the power to make its obligations a legal tender in the payment of private debts, and 2) that this power was an implied power under the Constitution based on the case of McCulloch v. State of Maryland. The Court determined that this implied power of making the obligations of the United States a legal tender in payment of private debts was a means (incident) to the power (expressly) given to Congress to borrow money on the credit of the United States.
However, the case of McCulloch v. State of Maryland was wrongly decided. The concept of implied powers does not exist in the Constitution. In fact, such a concept, if a doctrine would be in conflict with the doctrine that the Congress is a government of enumerated powers. As such, Congress does not have the power to make its obligations a legal tender in payment of debts, since the concept of implied powers does not exist in the Constitution. Since the power is not granted (expressly) to Congress, the power to make its obligations a legal tender in payment of private debts is not given to Congress under the Constitution of the United States of America. This is shown in the work, “The United States government does not have the power to make its obligations a legal tender” (online) by Dan Goodman.
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Thanks for providing that background and reference. Salmon P. Chase, when he was Chief Justice of the Supreme Court, said, “The legal tender quality is only valuable for the purposes of dishonesty.” And so it is, but the government gets away with it anyway. Only by forcing acceptance of debased currency can government spend virtually without limit (deficit spending).
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