Political Quotes

Lysander Spooner: Well, if congress has power to alter men's contracts, after they are made, by altering the meaning of the word dollar…

On the record
Well, if congress has power to alter men's contracts, after they are made, by altering the meaning of the word dollar, and thus reducing the value of the debt, it has a precisely equal power to increase the value of the dollar, and thus compel the debtor to pay more than he agreed to pay.
Said by
Lysander Spooner

Editor's note · Context

Spooner warns that if Congress can reduce the value of currency, it can also increase it, affecting debt obligations.

Share

More from Lysander Spooner

The people considered their jurisprudence as a part of their inheritance.

gutenberg.org

One answer is, that this power, which juries have of judging of the law, is not a power of absolute decision in all cases.

gutenberg.org

They are every day committing errors, which would be crimes, but for their ignorance of the law.

gutenberg.org

Since Magna Carta, we have evidence showing quite conclusively that all freemen, above the age of twenty-one years, were eligible as jurors.

gutenberg.org