Is Paper Money Legal Without War? 💸 #shorts

Faust Checho dives into the famous Legal Tender Act of 1862 which legalized paper money only under the condition that it be used to finance the war bonds needed for the American civil war at the time.

Allegedly it has never been repealed since and the Constitution explicitly forbids anything besides gold and silver as legal tender unless there is war, so could that possibly explain why America finds itself in the middle of one. You tell me.

#shorts #history #UShistory #constitution #money