On the record
As it is, the constitution imposes no prohibition upon the coining of money by individuals, but only by State governments.
Said by
Lysander Spooner
Source
gutenberg.orgLysander Spooner: “As it is, the constitution imposes no prohibition upon the coining of money by individuals, but only by State…”
Editor's note · Context
Spooner points out the constitutional allowance for individuals to coin money, challenging state control.
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More from Lysander Spooner
Practically speaking, no government knows any limits to its power, except the endurance of the people.
When two men meet one upon the highway, or in the wilderness, have they a right to dispose of his life, liberty, or property at their pleasure, simply because they are the more numerous party?
They were even allowed to grant pardon to criminals, and to correct by their clemency the rigors of justice.
In this manner all unjust laws are established, and made operative against the rights of the people.