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“No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time.” ~ Article I, Section 9, Clause 7, U.S. Constitution
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The Appropriations Clause: A History of the Constitution’s (As of Yet) Underused Clause.
“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” ~ARTICLE I, SECTION 9, CLAUSE 7, UNITED STATES CONSTITUTION Table of Contents I. Introduction A. Appropriations Clause B. Permanent…
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Missing Money Chronology
DATEEVENTCATEGORY19340131Gold Reserve Act creates the Exchange Stabilization Fund (ESF). “The fund began operations as of April 27, 1934, financed by $2 billion of the $2.8 billion paper profit th…
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