I wanted to put out a quick podcast about this article:
I thought that this was important enough of an article to get it out to as many people as possible. It not only has to do the constitutional aspect of judge’s pay, but, in my personal opinion, the more important aspect of the legal definition of what a dollar is.
Here are some excerpts, but go to the site and read the article and listen to the podcast for some commentary on it.
“The United States Court of Appeals for the Federal Circuit, sitting en banc, handed down the ruling on Friday. The ruling hasnt received much coverage in the press, though at least in our view its one of the most important cases of our time. The reason is that it has to do not only with the question of need for Congress to keep its promises and the need to attract a first class judiciary but also the question of constitutional money.”
“More broadly, at least by our lights, the ruling says, in effect, that the legal tender laws dont apply to judges salaries. That is, the court is suggesting that, at least in the case of judges, 100,000 dollar bills will not suffice in 2012 for a contract to pay $100,000 that was entered into in, say, 2000. The Appeals Court packed its opinion with some prime language from the founding era.”
The fiat currency that we have now is the number one reason why we are heading towards the economic cliff that descends into the abyss. Legal and lawful tender has a standard. Ignoring that standard is the problem.
Here’s the link to read about the Coinage Act of 1792.