Don’t hear this enough or called out.
Legal Tender Laws are BS.
Individuals should choose what money they use not the state.
Discussion
It's either a free market, or it isn't...
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US Dollar Bills are legal tender for debts. People are free to transact without debts.
If I understand correctly.... If someone has a debt owed to you, then by legal tender laws you MUST accept the legal tender, if offered, as payment for that debt.
In other words, they could offer you jellybeans to pay off their debt, and you could accept that if you chose to, but it would be illegal to refuse someone offering to pay off their debt with whatever is deemed legal tender.
What is a "legal tender" ?
Any retailer or individual could refuse to use a legal tender. Nobody can force you to use it.
Why? What is the point of a legal tender then?
The point is that you cannot force a retailer to accept legal tender or indeed any other form of tender. If, however, you buy something from them and there is no contractual barrier to the use of any form of tender, and you offer legal tender in payment, and they refuse it, then they cannot enforce the debt in court.
That's what legal tender means: it's about discharging debts. If you incur a debt you can discharge it with legal tender, but you cannot be forced to incur the debt in the first place, if you see what I mean...
