You are a member of the legislature of a large Midwestern state. Your state is running short of money to carry out some much-needed programs. As a possible solution you suggest that the state government issue its own currency to people who work for it. The currency can be exchanged for dollar bills at a rate that is to be fixed by the state the first of every month.
Which exclusive right given to the Federal Government makes your idea unconstitutional

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destinyoakes98 destinyoakes98

12-09-2022
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You are a member of the legislature of a large Midwestern state. Your state is running short of money to carry out some much-needed programs. As a possible solution you suggest that the state government issue its own currency to people who work for it. The currency can be exchanged for dollar bills at a rate that is to be fixed by the state the first of every month.
Which exclusive right given to the Federal Government makes your idea unconstitutional

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ogorwyne ogorwyne · Answer 1 · 2022-09-14T17:54:45+02:00

The exclusive right to coin money in the Article I, Section 8, Clause 5 is the right that is reserved for the Federal government that makes this to be unconstitutional.

What is the right of the federal government regarding money?

The federal government of the United States are the ones that have the powers in the nation through the United States legislatures to coin more money in the state. This is the right that was reserved for them in the Article I, Section 8, Clause 5 of the constitution.

Hence based on this constitution the act of the state that has to do with the printing of money and all that has to do with the issuance of its own currency in the nation can be said to be illegal.

Hence we can say that The exclusive right to coin money in the Article I, Section 8, Clause 5 is the right that is reserved for the Federal government thagt makes this to be unconstitutional.

Read more on on the federal powers here:

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