MONETARY REFORM 101

By Dr. Edwin Vieira, Jr., Ph.D., J.D.
May 19, 2011
NewsWithViews.com

One of the major hurdles to true monetary reform—that is, making United States silver and gold coinage readily available for WE THE PEOPLE’S use as actual currency in day-to-day transactions—is the presence at every level of the federal system of various taxes imposed on exchanges of gold and silver coinage for Federal Reserve Notes, and vice versa. In principle, the States should not be able to do this because of Article I, Section 8, Clause 5, Article I, Section 10, Clause 1, and Article VI, Clause 2 of the Constitution. See, e.g., McCulloch v. Maryland, 17 U.S. (4 Wheaton) 316 (1819). The General Government should not impose such taxes, either, because all forms of United States coin and currency should be on a constitutional par (assuming for purposes of argument that Federal Reserve Notes are valid United States currency at all), especially inasmuch as all forms of United States coin and currency have been declared by statute to be equally “legal tenderâ€