From: "Mark M." <markm@voicenet.com>
Date: Tue, 12 Nov 1996 14:41:13 -0800 (PST)
To: cypherpunks <cypherpunks@toad.com>
Subject: Re: Not. [Was Re: Federal Reserve Bank is ILLEGAL?]
In-Reply-To: <199611121840.KAA04414@mail.pacifier.com>
Message-ID: <Pine.LNX.3.95.961112173925.907B-100000@gak.voicenet.com>
MIME-Version: 1.0
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On Tue, 12 Nov 1996, jim bell wrote:

> The way I see it, a positive statement in the Constitution that the Feds 
> have the power to coin money does not necessarily exclude other 
> people/banks/states/foreign countries from doing likewise.

Some localities in the U.S. are indeed minting their own currency.  Ithica is
one such example, I believe.  I don't know if these currencies are considered
"legal tender", but the Feds don't seem to be stopping it.

Mark
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