The legislation would make “gold and silver specie” legal tender in the state, meaning it would be recognized as a medium of exchange. Practically speaking, this would allow Arkansans to use gold or silver coins as money rather than just as mere investment vehicles.
The post Arkansas House Passes Bill that Would Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
The proposed law would authorize the Maine State Treasurer to invest state funds located in the Maine Budget Stabilization Fund under chapter 142 and any pension fund administered by the treasury in gold, silver, or other precious metals. In effect, holding gold and silver would help secure state assets against the risks of inflation and financial turmoil. It would also reinforce the importance of sound money in the state's financial system.
The post Maine Bill Would Authorize the Investment of State Funds in Gold and Silver first appeared on Tenth Amendment Center.
The legislation would explicitly exclude a CBDC from the definition of money in Florida, effectively banning its use in the state.
The post Florida Bill Would Ban Use of a Central Bank Digital Currency in the State first appeared on Tenth Amendment Center.
The legislation would make "gold and silver specie" legal tender in the state, meaning it would be recognized as a medium of exchange within the state. Practically speaking, this would allow Arkansans to use gold or silver coins as money rather than just as mere investment vehicles. In effect, it would put gold and silver on the same practical footing as Federal Reserve notes.
The post Arkansas Bill Would Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
Under the proposed law, businesses providing "basic needs, selling or offering for sale goods or services during regular business hours" would be prohibited from requiring payment by a central bank digital currency. It would also bar them from prohibiting the use of cash.
The post Oklahoma House Passes Bill That Would Help Minimize the Impact of Central Bank Digital Currencies first appeared on Tenth Amendment Center.
A bill introduced in the New Jersey Assembly would exempt gold and silver bullion coins from state sales and use taxes.
The post New Jersey Bill Would Take Small Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
They sure don’t make Secretaries of the Treasury like they used to. That becomes obvious the moment you compare the views of Albert Gallatin - who served under both Thomas Jefferson and James Madison - vs Janet Yellen - or anyone else in modern times, for that matter.
The post Treasury Secretary Battle: Gallatin vs Yellen (and everyone else?) first appeared on Tenth Amendment Center.
In practice, the enactment of HB1479 allows the state of Tennessee to hold reserves of gold, silver, platinum, and palladium coins and bars.
The post Signed as Law: Tennessee Authorizes State Gold and Silver Reserves first appeared on Tenth Amendment Center.
a Kansas Senate Committee approved a bill that would make gold and silver legal tender in the state and would effectively repeal the state capital gains tax on gold and silver. Passage into law would eliminate barriers to using gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.
The post Kansas Committee Passes Bill to Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
The legislation would make gold and silver in coin or bar form legal tender for all transactions as long as the buyer and seller agree as to the fair market value of the metal. The bill would also exempt the sale of gold and silver legal tender from the state sales and use tax.
The post Maine Bill Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.