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Art. 10, Sec. 1 of the U.S. Constitution requires that gold and silver alone be legal tender for all debts public and private. This was based on the biblical commands against unjust weights and measures, which are an “abomination to the Lord” (Prov. 11:1). The founders honored the biblical precepts that forbid debauching a nation’s currency through the kind of value dilution endemic to fiat currencies not backed by specie metals (Isa. 1:22). People are forbidden to even possess such forms of money (Deut. 25:13-14).
- Martin G. Selbrede, Taxation, Liberty, and the Bible (October 30, 2008), at http://www.chalcedon.edu/papers/Taxation.pdf.