UPMA Monetary Summit

The UPMA has been on the front lines of the battle for sound money in America. Consider joining them: UPMA Monetary Summit Program This year in recognition of the expanding scope of its monetary mission, the UPMA is being reorganized as the “United Precious Metals Association”. To commemorate this important milestone, the UPMA will return…

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Objection: “This Note Is Legal Tender!”

In 2009, when Georgia Rep. Bobby Franklin introduced my first version of the Constitutional Tender Act (HB 430) in the Georgia House, we knew it wasn’t just going to be difficult to get passed into law — it was going to be difficult to get any co-sponsors, it was going to be difficult to get…

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Silver and Gold Debit Cards: One More Step Towards Constitutional Tender

Recently, when writing about the growing popularity of “Gold ATMs”, I mentioned that they’re being placed in cities all over the world, including within the United States. But being able to exchange fiat Federal Reserve Notes for real money at an ATM is only the first step; the next order of business is for banks…

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“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.”

— George Washington, in a letter to Jabez Bowen, a deputy governor of Rhode Island and colonel in the American Revolution, on January 9, 1787

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“…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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