Quote Originally Posted by Brian View Post
David, Something else I should say about the above mentioned statute is that is was initially created to prevent companies from paying employees in company credit redeemable only at the company store and other similar situations.

I don't see a difference in being paid in XYZ company credit and being paid (discharged) by the Federal Reserve Corporation. Whats the difference? They are both private companies.

So surfing the UCC laws recently I also meandered upon this neat little piece. "Negotiable instruments do not include money"

http://www.law.cornell.edu/wex/negotiable_instruments
But "Federal Reserve Notes" is not money

The constitution defines money as such:
http://en.wikipedia.org/wiki/Coinage_Act_of_1792