America's Decline into Unconstitutional Money

Michael S. Rozeff, on March 23, 2010, published parts one and two of his brilliant story on America’s decline into unconstitutional money, entitled "The U.S. Constitution and Money".

The articles below summarize portions of Edwin Vieira’s out-of-print Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution alloyed with the gloss that comes from Rozeff as finance professor. Rozeff states, "Actually, the era and material covered (1789-1860) show no constitutional decline in the coinage acts and government debt issues, but an affirmation of constitutional provisions on money. If you ever wanted to understand bimetallism, this article may help a bit. If you want to know what it meant to regulate the value of coins, this is explained. If you want to see how the Supreme Court mangled the Constitution in Knox v. Lee (1870), some of that is in here too."

The U.S. Constitution and Money (Part 1)

The U.S. Constitution and Money: 1789-1860 (Part 2)

The U.S. Constitution and Money, Part 3 and Part 4, can be found here.

Michael S. Rozeff is a retired Professor of Finance living in East Amherst, New York. He is the author of the free e-book Essays on American Empire.