Farley on Nostr: When the government argues that it’s merely exercising its Constitutional power to ...

When the government argues that it’s merely exercising its Constitutional power to “coin money” and “regulate the value thereof,” it overlooks a key fact: this power was never meant to extend to a system that severs money from any form of real backing. The historical context makes this clear; the Founders knew the dangers of unchecked money creation. They’d seen it destabilize economies and impoverish people. It’s hard to believe they would have sanctioned a system that allows trillions to be “conjured” into existence with little regard for the impact on purchasing power and economic stability.

In a way, the government’s current defense of fiat currency is like claiming a license to drive means you can drive any way you want, no matter the rules of the road. The Founders put guardrails in place to protect against exactly this kind of economic mismanagement, and today’s fiat system has veered far outside those bounds. It’s a gap too large to ignore—and perhaps, one that will ultimately need to be addressed if we’re to restore integrity to our economic foundations.