Thursday, March 03, 2011

Gold and Silver Coins: The States' New Currency?

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.

States haven’t issued currency in any form for more than a hundred years. So why now?

Full story at: The Christian Science Monitor

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