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Virginia Bill Passes House: Study of Metallic Based Money

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.


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