Fiduciary money is a medium of exchange composed usually of some intrinsically valueless substance, typically paper, which the issuer promises to redeem on demand in commodity money, such as gold or silver coin, or gold and silver bullion.
Related Topics
“Factions” or “Special Interest” Groups
"Factions" or "Special Interest" GroupsAmerica’s Founding Fathers denounced “factions” (what we refer to today as “special interests”) because these groups consist of “a number of citizens,...
“Judicial Supremacy” Through “Judicial Review”
"Judicial Supremacy": Nowhere to be found in the Constitution or Pre-constitutional HistoryPre-constitutional history provides no support for the sweeping contemporary claim that “the federal...
“Aggregate Powers”
“Aggregate Powers”: Powers Cobbled Together and Exercised by Rogue Government Officials That are Not Enumerated in the ConstitutionTypically, when aspiring usurpers and tyrants cannot rationalize...
“Emergency Powers”
"Emergency Powers"The real "emergency" that confronts Americans is the lust of aspiring and conspiring usurpers and tyrants for power WE THE PEOPLE have withheld...
“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...