Question

Explain why printing currency is a delegated power. What problems would arise if each state was able to print their own money?

Answer 1

Answer:

The reason that printing currency is a delegated power is because, our Nation needs to be able to trade among itself.

There would be several problems if all states decided to print their own currency. For example, international trade would be very difficult, if not impossible. It is likely that each state would have to trade independently. This would be particularly difficult as the federal government oversees international trade. Moreover, trade between the states would also become difficult.

Such a system would also put us in a difficult financial situation. Money would not longer be unified, which might prove problematic for the federal government in issues such as budgeting and taxation