THE UNITED STATES CONSTITUTION


Article I

Section 8

 

Clause 5: To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

 

 

Section 10

 

No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.

 

{The constitution specifically states that only congress can create money and it must be backed by silver and gold, it doesn’t give congress the power to lend this ability to another entity}

 

 

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