Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 (Tek) 9/26/83; site shark.UUCP Path: utzoo!watmath!clyde!floyd!harpo!decvax!ucbvax!ucbcad!tektronix!orca!shark!hutch From: hutch@shark.UUCP Newsgroups: net.legal Subject: Re: Paid in Dollars? Message-ID: <565@shark.UUCP> Date: Tue, 28-Feb-84 13:16:19 EST Article-I.D.: shark.565 Posted: Tue Feb 28 13:16:19 1984 Date-Received: Fri, 2-Mar-84 22:44:44 EST References: <2513@ncsu.UUCP> Organization: Tektronix, Wilsonville OR Lines: 26I printed the original article and posted it on the wall near my desk. I may take it down soon, too many depressed/confused faces are showing up. One thing I noticed, the phrasing said "prohibits States ... " and I cannot confirm from any handy source that this is the real implication. If the Constitution in fact uses wording which implies that states (NOT the Fed. Govt.) are limited in what they can make legal tender, then there is still nothing which says the Fed cannot make whatever IT wants to into legal tender. Right? So, all the original article was really saying was that IF a state was to mint a dollar coin, it would have to be made from the proper alloy of gold and silver, and that if such a dollar were to be made, it would cost ~20$ to make. I suspect that the true value of the dollar can more reasonably be calculated by analysis of the GNP and national debt. In which case, it may actually be worth a negative amount. Hutch