This text discusses the problem of inflation in contemporary America and explains that the solution to this problem does not require the development of a new policy based on the gold standard but rather the implementation of an old, anti-inflationary policy that is already present in the United States Constitution. It is up to Congress to have the will to exercise this power and end inflation, despite pressure from special-interest groups.
The true meaning of the monetary provisions in the U.S. Constitution can be understood by reviewing the background and environment of the period in which it was written, placing oneself in the shoes of the Framers, and recalling the contemporary or recent controversies on the subject that were still fresh in the memories of those who established the government.
