War and Money in the Original Constitution


The topic for this conference was the Monetary Constitution of the United States, specifically, the “original” Constitution of the United States and its evolution during the first century of the Republic, culminating with the first major constitutional change at the time of the Civil War with the adoption of fiat money.


Conference Readings

Kurland, Philip B. and Ralph Lerner, eds. The Founders' Constitution, Volume 3: Article 1, Section 8, Clause 5, through Article 2, Section 1, Indianapolis: Liberty Fund, Inc., 2000.

Brooks, Francis Augustus. Fiat Money, a Review of the Decisions of the United States Supreme Court as to its Constitutionality. Boston: Little, Brown and Company, 1885.

Buchanan, James M. The Collected Works of James M. Buchanan, Volume 18: Federalism, Liberty, and the Law. Indianapolis: Liberty Fund, Inc., 2001.

Gallatin, Albert. Considerations on the Currency and Banking System of the United States. New York: Greenwood Press, 1968.

Glasner, David, “An Evolutionary Theory of the State Monopoly over Money” In Money and the Nation State: The Financial Revolution, Government, and the World Monetary System, edited by Kevin Dowd and Richard H. Timberlake, Jr., 21-45. New Brunswick: Transaction Publishers, 1998.

Hamilton, Alexander. Selected Writings and Speeches of Alexander Hamilton. Edited by Morton J. Frisch. Washington, D.C.: American Enterprise Institute, 1985.

Hamilton, Alexander. “Report on the Subject of a Mint.” The Universal Asylum and Columbian Magazine (March, April 1791): 1-7, 25-28.

Hamilton, Alexander. The Revolutionary Writings of Alexander Hamilton. Edited by Richard B. Vernier. Indianapolis: Liberty Fund, Inc., 2008.

Jackson, Andrew, “Veto Message, July 10, 1832” In A Compilation of the Messages and Papers of the Presidents Prepared Under the Direction of the Joint Committee on Printing, of the House and Senate Pursuant to an Act of the Fifty-Second Congress of the United States, Volume 3, Washington, DC: Bureau of National Literature, Inc., 1897. 13.

Liggio, Leonard P. “Murray N. Rothbard and Jacksonian Banking.” Durrell Foundation Conference, Winchester, Virginia, September 1995.

Rothbard, Murray N. A History of Money and Banking in the United States: The Colonial Era to World War II. Edited by Joseph T. Salerno. Auburn: Ludwig von Mises Institute, 2002.

Sylla, Richard, “Shaping the U.S. financial system, 1690-1913: the dominant role of public finance” In The State, the Financial System, and Economic Modernization, edited by Richard Sylla, Richard Tilly, and Gabriel Tortella, 249-270. New York: Cambridge University Press, 1999.

Vieira, Edwin, Jr. “The Forgotten Role of the Constitution in Monetary Law.” Texas Review of Law & Politics 2, no. 1 (Fall 1997): 77-124.