Frequently Not Asked Questions: Six

Because wit, always needs to be appreciated.

year-struck

How much money do you make?

 

None.

 

It’s illegal to make money unless you are the federal government, so I’m surprised you would ask me that.

 

 

Like me I’m sure you have bookmarked Article 1, Section 8, Clause 5 of the U.S. Constitution, which grants the federal government the right to “coin” money. That meant gold and silver. Our Founding Fathers distrusted and eschewed* paper money, so they expressly prohibited states from “emitting” it.

 

 

You probably also know that Abraham Lincoln signed the first U.S. federal emission law allowing the government to print bills. In 1862, government IOUs in the form of “greenbacks” began circulating their way throughout the land until they landed in the pockets of the rich. It’s been that way ever since. The government called these bills Tender Notes, which I find rather endearing. Now, of course, the government no longer…

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One thought on “Frequently Not Asked Questions: Six

  1. yearstricken says:

    Thank you for reblogging.

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