In the U.S. and other countries, the power is divided between the national government and local governments such as state governments. However, some powers are excluded from the local governments. This includes money issuance or printing money as it is the national government the one that has control over this process considering this affects the economy of all the country, and therefore it is the responsibility of states to participate in this process. Thus, the power that is denied to state governments is Printing Money.
