Concurrent Powers
coining money
The power to engage in war. The power to levy income tax.
Power to Coin and Regulate Money When we can see the disastrous results of an artificially created shortage of money, we can better understand why our Fathers of Confederation, who understood both money and God's Laws, insisted on placing the power to "create" money and the power to control it ONLY in the hands of the Federal Government. They believed that ALL Citizens should share in the profits of its "creation" and therefore the national government must be the only creator of money. They further believed that ALL citizens should share in the profits of its creation and therefore the national government must be the ONLY creator of money. They further believed that ALL Canadian citizens, regardless of station in life, and therefore, the national government must also be, by law, the ONLY controller of the value of money. Since the Federal Government was the only legislative body subject to all the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power. They wrote it out in simple, but all inclusive manner: "The Federal Government shall have the Power to Coin Money and Regulate the Value Thereof
The power to coin money.
The right of the federal government to coin money is an exclusive federal right provided for in the constitution. The constitution also grants the government to regulate the value of the coins.
Money borrowed to pay for government expenses such as police, teachers, emergencies. Money which eventually will be paid back by taxes.
To borrow money is a concurrent power. This means that the power is shared by both the State and the federal government, and is exercised simultaneously.
coining money
The U.S. Government finances a deficit by borrowing money from a couple different places. 1) U.S. Citizens and corporations in the form of bonds. 2) From themselves by borrowing money from other programs such as Social Security or Medicare 3) From other countries on the open market. Currently 30% of US debt is owned by other countries with China owning the most at about $850 billion. Remember all of this money eventually has to be paid back with interest.
The power to engage in war. The power to levy income tax.
The power of the national government to declare war is an example of an expressed power. Another example is the power to levy taxes.
Power to Coin and Regulate Money When we can see the disastrous results of an artificially created shortage of money, we can better understand why our Fathers of Confederation, who understood both money and God's Laws, insisted on placing the power to "create" money and the power to control it ONLY in the hands of the Federal Government. They believed that ALL Citizens should share in the profits of its "creation" and therefore the national government must be the only creator of money. They further believed that ALL citizens should share in the profits of its creation and therefore the national government must be the ONLY creator of money. They further believed that ALL Canadian citizens, regardless of station in life, and therefore, the national government must also be, by law, the ONLY controller of the value of money. Since the Federal Government was the only legislative body subject to all the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power. They wrote it out in simple, but all inclusive manner: "The Federal Government shall have the Power to Coin Money and Regulate the Value Thereof
Federal government
Printing money
A government that divides power between the states and the national government
an example of shared power
The power to coin money.