The power to coin money belongs to the Federal government (Congress, specifically) according to the Constitution of the United States.
The power to coin money.
Power to Coin and Regulate Money When we can see the disastrous results of an artificially created shortage of money, we can better understand why our Fathers of Confederation, who understood both money and God's Laws, insisted on placing the power to "create" money and the power to control it ONLY in the hands of the Federal Government. They believed that ALL Citizens should share in the profits of its "creation" and therefore the national government must be the only creator of money. They further believed that ALL citizens should share in the profits of its creation and therefore the national government must be the ONLY creator of money. They further believed that ALL Canadian citizens, regardless of station in life, and therefore, the national government must also be, by law, the ONLY controller of the value of money. Since the Federal Government was the only legislative body subject to all the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power. They wrote it out in simple, but all inclusive manner: "The Federal Government shall have the Power to Coin Money and Regulate the Value Thereof
The branch of government that has the authority to coin money in the United States is the legislative branch, specifically Congress. This power is granted to Congress by the U.S. Constitution in Article I, Section 8, which outlines the enumerated powers of Congress. The executive branch, headed by the President, does not have the authority to coin money. The judicial branch, headed by the Supreme Court, also does not have this power.
The federal Reserve which ironically is privately ran and in no way part of the government
Delegated powers
to protect the value of the national currency
to protect the value of the national currency
to protect the value of the national currency
The power to coin money belongs to the Federal government (Congress, specifically) according to the Constitution of the United States.
Federal government
The power to coin money.
print money
Power to Coin and Regulate Money When we can see the disastrous results of an artificially created shortage of money, we can better understand why our Fathers of Confederation, who understood both money and God's Laws, insisted on placing the power to "create" money and the power to control it ONLY in the hands of the Federal Government. They believed that ALL Citizens should share in the profits of its "creation" and therefore the national government must be the only creator of money. They further believed that ALL citizens should share in the profits of its creation and therefore the national government must be the ONLY creator of money. They further believed that ALL Canadian citizens, regardless of station in life, and therefore, the national government must also be, by law, the ONLY controller of the value of money. Since the Federal Government was the only legislative body subject to all the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power. They wrote it out in simple, but all inclusive manner: "The Federal Government shall have the Power to Coin Money and Regulate the Value Thereof
The ability to coin money
they decide the budgets
Power to make war, coin money, regulate interstate commerce..