Re:Yellen on Bitcoin: Fed Doesn’t Have Authority to Regulate...
by Guvante on Friday March 07, 2014 @05:48PM
(#7363247)
> The original meaning of regulate was "standardize"
I would certainly include defining a singular version to be under the power granted by standardize. Heck most standards are singular in nature. That isn't a stretch at all.
> so Delaware couldn't charge a $1 tariff on a widget imported from New Jersey and two bits on the same thing from Pennsylvania
We are talking about minting coins, not interstate taxes.
> It should not be giving money to the states except by apportioning the funds by census populations.
That only works for some very basic things. Maybe roads (I doubt it) and certainly not a lot of things such as National Forests.
> declare ketchup a vegetable.
Vegetables in school lunches are measured exclusively by volume, not by nutritional content. Most of the tomato jokes are related to concentrated versions that get a pass because serving a kid a cup of ketchup or tomato sauce is silly.
I would certainly include defining a singular version to be under the power granted by standardize. Heck most standards are singular in nature. That isn't a stretch at all.
> so Delaware couldn't charge a $1 tariff on a widget imported from New Jersey and two bits on the same thing from Pennsylvania
We are talking about minting coins, not interstate taxes.
> It should not be giving money to the states except by apportioning the funds by census populations.
That only works for some very basic things. Maybe roads (I doubt it) and certainly not a lot of things such as National Forests.
> declare ketchup a vegetable.
Vegetables in school lunches are measured exclusively by volume, not by nutritional content. Most of the tomato jokes are related to concentrated versions that get a pass because serving a kid a cup of ketchup or tomato sauce is silly.