Wednesday, February 22, 2012

The Transition to Monetary Freedom - Ron Paul - Mises Daily

The Transition to Monetary Freedom - Ron Paul - Mises Daily: 'the Constitution forbids the states to make anything but gold and silver coin a tender in payment of debt, nor does it permit the federal government to make anything a legal tender.'

'[federal legal-tender laws], which have the effect of forcing creditors to accept something in payment for the debts due them that they do not wish to accept, are one of the most tyrannical devices of the present monetary authorities.'