Monday, June 06, 2011

Pushing for a Return to the Gold Standard

The idea to make the precious metal legal tender has gained currency in more than a dozen state capitals. Economists say the plan would be disastrous.

Mike Pitts is no economist, but that hasn't kept the retired small-town cop from taking a prominent role in a quixotic campaign to push the U.S. monetary system back to another century.

Pitts, a South Carolina statehouse representative, introduced a bill in April that would make gold and silver coins legal tender in . . .

Full story at: Chicago Tribune

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