The Legal Tender Cases: What Libertarians Get Wrong About Founders And Fiat

This episode looks at the legal Tender Cases and their relation to our last episode from yesterday discussing an article about how libertarians and sound money advocates forget themselves and get the Constitution wrong, IN SPITE OF their own values, not because of them....



Legal Tender Cases, 79 U.S. 457 (1870) - https://supreme.justia.com/cases/federal/us/79/457/

Knox v. Lee, 79 U.S. (12 Wall.) 457 (1871) - https://en.wikipedia.org/wiki/Knox_v._Lee

Hepburn v. Griswold, 75 U.S. (8 Wall.) 603 (1870) - https://en.wikipedia.org/wiki/Hepburn_v._Griswold



Why Is Paper Money Constitutional? - https://tenthamendmentcenter.com/2021/05/24/why-is-paper-money-constitutional/



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►00:00 Introduction

►06:12 Summarizing Earlier Arguments

►10:14 Assessing Prior Arguments

►12:37 English Law and Practice

►19:01 Kinds of American Paper Money

►24:41 The Confederation Era

►25:49 Why a Coinage Clause Was Necessary

►30:22 Original Public Meaning of the Coinage Clause

►31:39 Original Meaning and Understanding of "Regulate the Value"

►33:57 The Ambiguous Original Public Meaning of "Coin"

►44:34 The Ratifiers Choose a Meaning for "Coin"

►59:46 Conclusion

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