Friday, 01 August 2014

Future of Money

Yes Virginia, There Is A Constitutional Monetary Unit

Posted by Gonzalo Schwarz
February 5, 2013

Last week, the Virginia House of Delegates Rules Committee passed, by an 11 – 1 bipartisan majority, a bill to establish “a joint subcommittee to study the feasibility of a United States monetary unit based on a metallic standard, in keeping with the constitutional precepts and our nation’s founding principles….”   Such a study could prove to be a very big deal indeed.

It would bring a sleeper issue, one crucial to economic growth, to the fore of the national debate.  (Full disclosure, this columnist provided, by invitation, a letter in support of this legislation before the subcommittee vote.  This respectfully was reported in a wonderful, whimsy-inflected, article by The Washington Post’s  Tom Jackman.) …

Continue reading at Forbes.com…

 image: flickr.com/nostri-imago