“To coin Money”

“The most significant threat to our national security is our debt.”   Mike Mullen, Former Chairman, Joint Chiefs of Staff One of the powers delegated to Congress in Article 1 Section 8 of the United States Constitution is the power “To coin Money.” What exactly does this phrase mean?  A careful reading of the Federalist Papers and the writings of the Founding Founders clearly states what was intended. Money must be backed by a commodity such as gold, silver, or something…