This article is within the scope of WikiProject Law, an attempt at providing a comprehensive, standardised, pan-jurisdictional and up-to-date resource for the legal field and the subjects encompassed by it.LawWikipedia:WikiProject LawTemplate:WikiProject Lawlaw articles
This article is within the scope of WikiProject United States, a collaborative effort to improve the coverage of topics relating to the United States of America on Wikipedia. If you would like to participate, please visit the project page, where you can join the ongoing discussions.
This article is within the scope of WikiProject United States History, a collaborative effort to improve the coverage of the history of the United States on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.United States HistoryWikipedia:WikiProject United States HistoryTemplate:WikiProject United States HistoryUnited States History articles
This article is within the scope of WikiProject United States Constitution, a collaborative effort to improve the coverage of the Constitution of the United States on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.United States ConstitutionWikipedia:WikiProject United States ConstitutionTemplate:WikiProject United States ConstitutionUnited States Constitution articles
This article is within the scope of WikiProject Numismatics, a collaborative effort to improve the coverage of numismatics and currencies on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.NumismaticsWikipedia:WikiProject NumismaticsTemplate:WikiProject Numismaticsnumismatic articles
Statement: "The painful experience of the runaway inflation and collapse of the Continental dollar prompted the delegates to the Constitutional Convention to include the Contract Clause into the United States Constitution, so that the individual states could not issue bills of credit or "make any Thing, but gold and silver Coin a Tender in Payment of Debts." This restriction of bills of credit was extended to the Federal government, as the power to "emit bills" from the Articles of Confederation was abolished, leaving Congress with the power "to borrow money on credit.""
A series of Supreme Court cases, the Legal Tender Cases, contradict this statement that the Federal government does not have the power to issue bills of credit. The court opinion in Julliard v. Greenman affirms these decisions throughout the document: [1]https://www.law.cornell.edu/supremecourt/text/110/421
The US Treasury issued bills of credit for a century starting in 1861 (this very article discusses this, so the inclusion of the above claim is doubly odd), and their constitutionality was affirmed repeatedly. FredericktheWise (talk) 14:11, 19 June 2024 (UTC)[reply]
