Virginia Bill Passes House: Study of Metallic Based MoneySubmitted by wvmarj on Wed, 02/06/2013 - 09:11
One Republican's crusade to introduce a state currency is one step closer to reality after the Virginia House of Delegates passed a measure to study the proposal.
To fight what he considers an out-of-control central banking system, Delegate Bob Marshall three years ago began a quest to institute a state currency. With support from conservative economists, the House of Delegates voted 65-32 to approve the measure on Monday, according to the Washington Post.
The bill calls for spending $17,440 to create a 10-member commission that would determine the "need, means and schedule for establishing a metallic-based monetary unit," or, in other words, a return to a gold standard.