2007-09-25 05:27:11 · 3 answers · asked by fuzzye69 1 in Politics & Government ➔ Government
No, since our civil war in the mid-nineteenth century our federal government has been much stronger than state governments. Law now dictates that only the federal government can mint currency.
2007-09-25 05:37:02 · answer #1 · answered by Lew 4 · 0⤊ 0⤋
Many communities produce their own 'currency' which encourages shopping at local stores, helps boost the local economy, and keeps giant corporations (like WalMart) from sending all its profits back to Bentonville.
As I understand it, it's a complex process; at one time I had some business dealing with a small-town millionaire who wanted to create his own "greenbacks". It was a great idea; he simply never followed through properly. -RKO- 09/25/07
2007-09-25 05:39:30 · answer #2 · answered by -RKO- 7 · 0⤊ 0⤋
No, the states do not.
Section 8. The Congress shall have power...To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures
2007-09-25 05:40:10 · answer #3 · answered by jrldsmith 4 · 0⤊ 0⤋