Borrowing money and to coin money are the power given to congress for foreign affairs by the constitution.
Yes
Article I Section 8 of the United Constitution grants power to Congress to "coin money" and "regulate its value." In effect, The Department of the Treasury prints money under the authority of Congress.
The United States Constitution served as a compromise towards bitter divisions between State and Federal powers. The Constitution prohibited states from regulating interstate commerce and the coinage of money, among others.
They are prohibited from coining their own money, and from making treaties with foreign powers.
The Constitution of the United States lays the ground rules for much of the federal government. One of those rules is congress can borrow money. The question is false.
Borrowing money and to coin money are the power given to congress for foreign affairs by the constitution.
Yes
The framers of the Constitution allows for the government to borrow money in order to finance public projects. An example of this would be the money borrowed for the Louisiana purchase.
Congress
The U.S. Constitution only gives Congress the power to coin money and regulate its value.
They are prohibited from coining their own money, and from making treaties with foreign powers.
Article I Section 8 of the United Constitution grants power to Congress to "coin money" and "regulate its value." In effect, The Department of the Treasury prints money under the authority of Congress.
The constitution gives the power to print money to Congress.
(a VERY simplified answer) By regulating the supply of money in circulation and the interest rates for borrowing from the US Treasury.
what are the advantages of borrowing money
No. In the U.S., the Constitution places all authority for borrowing and spending in the hands of Congress. The Constitution does not place a limit on the amount that the country may borrow. Because it was inconvenient for Congress to get involved every time the Treasury needed to issue a security, Congress passed a law in 1917 which allows the Executive Branch, specifically the U.S. Treasury, to borrow money as necessary, provided that the total amount borrowed remains within a limit set by Congress. Currently (July 2011), that limit is set at $14.3 trillion.