Anyone who’s been paying attention knows that the United States federal currency has been grossly devalued as the Federal Reserve has been printing paper dollars 24/7 to fund the “stimulus” that’s supposed to end the bleak recession we’ve been stuck in for the last three years (I know, officially it’s over, but tell that to the millions of un- and underemployed people scraping by).
One of the great things about American governance is that the individual states retain a lot of power, so many of them are taking matters into their own hands and planning a reversion to currency that really is worth something: gold and silver. Ralph Benko reports on the trend for the Christian Science Monitor:
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Why are so many state legislators beginning to call for issuance of a form of gold money?
The Constitution prohibits states from coining money but allows them to make “gold and silver Coin a Tender in Payment of Debts.” By prohibiting everything except “gold and silver Coin” the Constitution clearly considers gold and silver coinage to be legitimate, no matter who issues it.