The answer is simple 8:45 The declaration of independance declared that goverments has no legitement power except those granted to them by the people 8:52 this principle of conscent to the goverment is the basis upon wich the united states goverment was stablished 9:00 The power is granted to the United States Goverment in the constitution do not include the power to print paper money and in no state constitution had the people of any state given that power to their state goverment 9:10 So as incredible as it may sound, the people have obviously reserve to themselves the right to issue mediums of exchange in any form other that coins 9:20 by the way the viewer before reacting to these starktling but indeniable truth by rushing out the purchases of printing paper and ink, should know that a natural barrier exist that makes it inpracticle for everyone to create their own medium of exchange 9:37 Mr jones and anyone else has the right to print their own medium of exchange but they have no power to comple anyone to accept it as payment of debts or as an exchange for goods and services 