“…the prohibition of state tender laws will admit of no construction confining it to state laws, which have a retrospective operation. Accordingly, it has been uniformly held, that the prohibition applies to all future laws on the subject of tender; and therefore no state legislature can provide, that future pecuniary contracts may be discharged by any thing, but gold and silver coin.” — Supreme Court Justice Joseph Story, Commentaries on the Constitution, Volume 3, Chapter 33 (p. 463, ยง 1366)

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What Are “State Legal Tender” Bills?

While the official motto of the Tenth Amendment Center is “Concordia res parvae crescunt” (Small things grow great by concord), one of our “unofficial” mottoes is “The Constitution. Every Issue, Every Time. No Exceptions, no Excuses.” It’s a great standard to stick to. Here’s an example why. Earlier this year, Dr. Gary North put up…

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