Commodity money is a medium of exchange, the units of which are fixed amounts of an actual commodity that has value other than as money alone. Historically, silver and gold coins of known standard weights and designs emerged as the preferred monies of the entire civilized world.
Related Topics
“Official Immunity”
"Official Immunity"The Constitution itself provides for one and only one “official immunity”, in its allowance that, “for any Speech or Debate in either House...
“War”: The Constitutional Meaning
"War": The Constitutional MeaningConstitutionally speaking, "War" is a specific set of legal relations between two or more independent nations. Therefore no "War" can be...
“Living” Constitution
As a constitutional rule of construction that cannot be repeated to often, “If *** we are at liberty to give old words new meanings ***...
“The War on Terror”
"The War on Terror" Rogue officials stir up the "fear" of "terrorism". With "terrorism" as their excuse they arrogate new "war powers" to themselves....
Federal Reserve System: Cartel Structure
The Federal Reserve SystemThe Federal Reserve System is a cartel that controls the United States money supply and redistributes wealth with the blessings of...