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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byTargon ( 17348 ) writes:
When it comes to financial matters, I don't think that the president is empowered to make this sort of decision. This stuff MUST be voted on by Congress and possibly the Senate. Trump has the deluded idea that being president has the powers of an emperor, and it is only because the Republican Party has politicians who are a bunch of pussies who run away from Trump calling them a bad name and are so obsessed with power that have made them "fall in line". Anyone who actually believes in following the US
byPinky's Brain ( 1158667 ) writes:
Congress determines what is considered money, so Trump definitely can't for instance tell them to make it out of aluminium or declare pennies no longer money. But there is no law which directs the treasury to fulfill demand for pennies from banks AFAICS and it is an executive department.
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byPinky's Brain ( 1158667 ) writes:
In fact, I don't think the printing stop for large denomination dollar notes went through congress. That's a pretty huge precedent.
Now cutting it off the top has less effect than the bottom, so with a lot of penumbral reasoning you could probably find a difference ... but does anyone care enough about the penny to dredge the shadows of law for them?
byspacepimp ( 664856 ) writes:
Nixon through executive action (no vote from congress) removed the convertibility of the dollar into gold. This effectively took us off the gold standard and set us as a fiat currency. I think the president has capacity to make significant changes to currency.
bydryeo ( 100693 ) writes:
Your Constitution says otherwise, shame you guys ignore it.
Article I, Section 8, Clause 5:
[The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . .
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