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“I consider that it is not only prudential, but absolutely necessary to protect the inhabitants of this city from being imposed upon by a spurious currency…I think it much safer to go upon the hard money system altogether. I have examined the Constitution upon this subject and find my doubts removed…Article I, Section 10 declares that nothing else except gold and silver shall be lawful tender…The different states, and even Congress itself, have passed many laws diametrically contrary to the Constitution of the United States…The Constitution acknowledges that the people have all power not reserved to itself.” (Joseph Smith)

Related Categories
Constitution
Money
Money: Inflation