2014-07-09nysun.com

``The idea of John Taylor, that monetary policy should be subject to rules rather than discretion, is not marginal. On the contrary, this is American bedrock. As is the idea that Congress ought to be involved. The coinage power -- the power to coin money and regulate the value thereof and of foreign coin -- is one of the powers most plainly enumerated in the Constitution and most clearly granted to Congress. ''



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