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Yes Virginia, There Is A Constitutional Monetary Unit

M444ss Wrote: Feb 06, 2013 8:53 PM
The value of gold is not constant. If the US economy is tied to gold, then won't gold also be tied to the US economy?

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...