Shane Michael

Paper Specie Shane Michael

This book is addressed to an issue commonly referred to as the "money" or "specie" issue which is based, in addition to other authority, upon Article 1, § 10, clause 1 of the United States Constitution which reads as follows: "No State shall ... coin Money; Emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts." This book discusses this issue at length for the purpose of conclusively demonstrating the premise that constitutional money in our country can only be gold and silver coin and that the States are constitutionally compelled to operate on a specie basis.