“And if you look at the things that are denied to the states in the Constitution, for example, they are denied the right to coin money. Now, throughout history, the right to coin money has been a symbol of sovereignty. If states do not have the right to coin money, they are not sovereign in the sense that would justify secession as a state right.”

2000s, The Real Abraham Lincoln: A Debate (2002), Rebuttal

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Harry V. Jaffa171

American historian and collegiate professor 1918–2015

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“The Constitution denies the states the power to make anything other than gold or silver coins legal tender in payment of debts.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“I hope none who hear me will confound this expression of mine with advocacy of the right of a state to remain in the Union, and to disregard its constitutional obligations by the nullification of the law. Such is not my theory. Nullification and secession, so often confounded, are indeed antagonistic principles. Nullification is a remedy which it is sought to apply within the Union, and against the agent of states. It is only to be justified when the agent has violated his constitutional obligation, and a state, assuming to judge for itself, denies the right of the agent thus to act, and appeals to the other states of the Union for a decision; but when the states themselves, and when the people of the states, have so acted as to convince us that they will not regard our constitutional rights, then, and then for the first time, arises the doctrine of secession in its practical application.”

Jefferson Davis (1808–1889) President of the Confederate States of America

1860s, Speech before the U.S. Senate (1861)

“It is maintained by some that the bank is a means of executing the constitutional power “to coin money and regulate the value thereof.””

Andrew Jackson (1767–1845) American general and politician, 7th president of the United States

Congress have established a mint to coin money and passed laws to regulate the value thereof. The money so coined, with its value so regulated, and such foreign coins as Congress may adopt are the only currency known to the Constitution. But if they have other power to regulate the currency, it was conferred to be exercised by themselves, and not to be transferred to a corporation. If the bank be established for that purpose, with a charter unalterable without its consent, Congress have parted with their power for a term of years, during which the Constitution is a dead letter. It is neither necessary nor proper to transfer its legislative power to such a bank, and therefore unconstitutional. <br class="br">Often paraphrased as: If Congress has the right under the constitution to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or corporations. <br class="br">1830s <br class="br">Source: Veto Message Regarding the Bank of the United States http://avalon.law.yale.edu/19th_century/ajveto01.asp (10 July 1832)