Entries Tagged as 'gold'

Sunday, February 10th, 2008

Legal tender laws – an offer we can’t refuse

You ever wonder what “legal tender” means? Wikipedia has a fascinating answer: “…During the American Civil War, the federal government was unable to pay its debts with gold or silver coin, so began to issue paper notes to pay its debts, when people refused to accept them in payment, Congress adopted the Legal Tender Act [...]