Virginia Subcommittee Passes Bill that Would Help Support Sound Money

RICHMOND, Va. (Jan. 20, 2017) – A Virginia bill that would remove sales taxes from some purchases of gold and silver passed an important House subcommittee Wednesday. The legislation would take an important first step toward encouraging its regular use as currency and breaking the Federal Reserve’s monopoly on money. A bipartisan coalition of delegates…

Continue ReadingVirginia Subcommittee Passes Bill that Would Help Support Sound Money

Virginia Bill Would Take a Step Towards Supporting Sound Money

RICHMOND, Va. (Dec. 30, 2016) – A Virginia bill prefiled for the 2017 session would remove sales taxes from some purchases of gold and silver, a first step towards encouraging its regular use as currency and breaking the Federal Reserve’s monopoly on money. Sen. Frank Wagner (R-Virginia Beach) prefiled Senate Bill 934 (SB934) this week. The…

Continue ReadingVirginia Bill Would Take a Step Towards Supporting Sound Money

The Federal Reserve Act of 1913: A Day that Lives in Infamy

via Wikipedia: The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch. 3) is an Act of Congress that created and established the Federal Reserve System, the central banking system of the United States, and which created the authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar)…

Continue ReadingThe Federal Reserve Act of 1913: A Day that Lives in Infamy

Kentucky Bill Would Encourage use of Gold and Silver as Currency

FRANKFORT, Ky. (Oct. 13, 2016) – A Kentucky bill prefiled for the 2017 session would remove sales taxes from the purchase of gold and silver, encouraging its use and taking the first step toward breaking the Federal Reserve’s monopoly on money. Sen. John Schickel (R-Union) prefiled BR156 on Oct. 11. The legislation would exempt bullion…

Continue ReadingKentucky Bill Would Encourage use of Gold and Silver as Currency

Wells Fargo or the Federal Reserve: Who’s the Bigger Fraud?

What Wells Fargo employees did in opening bank accounts without customers' authorization was obviously wrong, but in true Washington fashion the scandal is being used to deflect attention away from larger, more enduring, and more important scandals.

Continue ReadingWells Fargo or the Federal Reserve: Who’s the Bigger Fraud?

Janet Yellen Grilled on Federal Reserve Partisanship

by Tho Bishop, Mises Institute Just days after Donald Trump accused the Federal Reserve of playing politics with low interest rates during the first presidential debate,Congressman Scott Garrett challenged Chairman Janet Yellen today on whether Fed officials were guilty of playing politics this campaign season. In particular, Garrett questioned the actions of Fed Governor Lael…

Continue ReadingJanet Yellen Grilled on Federal Reserve Partisanship

Texas State Gold Depository Another Step Closer To Reality

AUSTIN, Texas (Aug. 18, 2016) – The creation of a state gold depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that could ultimately end the Fed. The depository inched closer to reality last month when Texas officials formally called for businesses to submit their…

Continue ReadingTexas State Gold Depository Another Step Closer To Reality