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State Coinage

No State shall . . . coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts . . . .
article I
Section
10
Clause
2
Related Citations

Analyzing the historical context of the Coinage Clauses and concluding that the holding of the Legal Tender Cases is consistent with their original meaning.

Noting that delegates to the Constitutional Convention favored an absolute ban on states’ emitting bills of credit (paper money) due to the fear that lobbyists would influence the national legislature to allow favored states to print money.

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