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October 21, 2011
The Beast Comes to Bayou?
Reach into your pocket, extract a dollar bill. Printed on that bill is a phrase officially making it money; "this note is legal tender for all debts, public and private". Legal tender, for all debts. This is an unambiguous statement. Yet the state of Louisiana has decided that, well, money can't be used as money - at least if they decide it can't. The State Legislature recently passed, and it was signed into law in July by the Governor , HB 195 which says that anyone buying or selling second hand goods cannot use cash in the transaction. So America's legal tender is not legal tender when dealing with certain debts. Practical implications aside, this strikes at a number of fundamental American liberties and values; by state fiat it strikes down Article I, Sec. 8 of the U.S. Constitution. According to said Constitution the Congress shall have: "Power To...coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures." Yet a state...(Read Full Post)