--- title: "Meaning & Key Takeaway of: The Congress should not be creating money…" description: "\"The Congress should not be creating money out of thin air, which is what Lincoln did when he created greenbacks. But it is a congressional responsibili..." image: "https://sms4smile.com/quotes/i/807/ron-paul-686_air_the-congress-should-not-be-creating-mone_668578.png" --- # The Congress should not be creating money out of thin air… ![“The Congress should not be creating money out of thin air, which is what Lincoln did when he created greenbacks. But it is a congressional responsibility to maintain gold and silver as a legal tender.” quote by Ron Paul](https://sms4smile.com/quotes/i/807/ron-paul-686_air_the-congress-should-not-be-creating-mone_668578.png) [Download](https://sms4smile.com/quotes/i/807/ron-paul-686_air_the-congress-should-not-be-creating-mone_668578.png) [Open image](https://sms4smile.com/quotes/i/807/ron-paul-686_air_the-congress-should-not-be-creating-mone_668578.png) > “The Congress should not be creating money out of thin air, which is what Lincoln did when he created greenbacks. But it is a congressional responsibility to maintain gold and silver as a legal tender.” [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The speaker argues that Congress should not arbitrarily create currency, citing historical precedent, and stresses the duty to keep gold and silver as legal tender. **In simple terms:** Congress should not print money freely; keep gold and silver as money. Key Takeaway Limit money creation, preserve precious metal backing. Themes economics monetary policy government responsibility Mood cautious analytical Type political economic historical When to use this quote - budget planning - investment decisions - policy advocacy - educational seminars Key Concepts fiat currency legal tender inflation sound money Questions to Reflect On - How would a gold standard affect modern economies? - What alternatives exist to fiat money? A Different Perspective Historical examples show gold-backed systems have their own challenges. ★ ★ ★ ★ ★ No ratings yet [Congress](https://sms4smile.com/quotes/about/congress/) [Creating](https://sms4smile.com/quotes/about/creating/) [Gold](https://sms4smile.com/quotes/about/gold/) [Gold and silver](https://sms4smile.com/quotes/about/gold-and-silver/) [Money](https://sms4smile.com/quotes/about/money/) [Responsibility](https://sms4smile.com/quotes/about/responsibility/) [Silver](https://sms4smile.com/quotes/about/silver/) ## Related quotes > [I want to just obey the Constitution.The Constitution says only gold and silver can be legal tender.](https://sms4smile.com/quotes/ron-paul/i-want-to-just-obey-the-constitution-the-constitution-says-only-gold/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Society established gold and silver as a circulating medium and as a legal tender in order that exchanges of commodities might be facilitated; but…](https://sms4smile.com/quotes/william-batchelder-greene/society-established-gold-and-silver-as-a-circulating-medium-and-as-a/) [William Batchelder Greene](https://sms4smile.com/quotes/author/william-batchelder-greene/) > [It is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic…](https://sms4smile.com/quotes/thomas-sowell/it-is-precisely-those-members-of-congress-who-have-had-the-most-to-do/) [Thomas Sowell](https://sms4smile.com/quotes/author/thomas-sowell/) > [One of my top priorities in Congress is creating jobs and promoting a growing economy that raises the standard of living for all Americans.](https://sms4smile.com/quotes/brad-schneider/one-of-my-top-priorities-in-congress-is-creating-jobs-and-promoting-a/) [Brad Schneider](https://sms4smile.com/quotes/author/brad-schneider/) > [The most sinister of all taxes is the inflation tax and it is the most regressive. 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