Wednesday, February 17, 2010
South Carolina Lawmaker Seeks to Ban Federal Currency
"South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state."
This guy's got the right idea, but what he should be doing is advocating for South Carolina to issue its own currency and not be held hostage to a Federal Gov't that is not issuing enough of the nation's unit of account.d This way South Carolina could deficit spend until its economy has achieved full output and employment.
Instead, this idiot is advocating putting his state on a gold standard. I don't know about these South Carolinians??? Calling Mike Pitts stupid would be an insult to stupid people.