Which branch has power over money?
The constitutional provision that made Congress the ultimate authority on government spending passed with far less debate. The framers agreed that Congress, as the people’s representatives, should control public funds, not the president or the executive branch.
Which branch of government has power over money? Article I, Section 8, Section 5: [Congress shall have power. To see also : What is the smartest thing you can do with your money?. . . ] To coin Money, to regulate its value and foreign coins, and to fix the standard of weights and measures; . . .
What type of power is money?
Money is a social force that operates at all levels – formal, informal, legitimate, illegal, fundamental, surface, regional and global. Not all social powers have this ability. Conventional economic theories see the function of money as a medium of exchange, a unit of account and a store of value.
Why does money mean power? Money is so powerful because it gives people power—the freedom to do what they want, be who they want, and go where they want. This is absolutely true. Read also : What is the number one key to wealth building according to millionaires?. Without money, you have fewer options and less freedom.
Is money the source of power?
Money is much more than legal tender. Money provides social status and thus a source of power. Read also : How can I make $1000 a week from home?. Money may not equal power in small amounts, but when you consider 5% of Americans, they essentially have all the power.