But it then asserts that congress has this additional, and wholly different, power, to wit, the power to declare that this alteration in the value of the coins shall work a corresponding change in all existing contracts for the payment of money.
Lysander Spooner: “But it then asserts that congress has this additional, and wholly different, power, to wit, the power to declare that…”
Editor's note · Context
Spooner highlights the problematic assertion that Congress can change contract terms based on currency value.
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