TITLE

What Is a Dollar?

AUTHOR(S)
Lipsky, Seth
PUB. DATE
June 2011
SOURCE
National Affairs;Summer2011, Vol. 8, p91
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on debate over the definition of the U. S. government's currency. When Congressman Ron Paul of Texas asked Federal Reserve Board Chairman Ben Bernanke on his definition of the dollar in a House hearing, the Fed chief defines the dollar for what it can buy for consumers. The debate on dollar's definition, the author points out, is rooted in the Constitution, shaped by revolutionary experience and two centuries of economic-policy judgments and Supreme Court decisions.
ACCESSION #
65030978

 

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