|
Written by Barnini Chakraborty
- Fox News |
|
Thursday, February 07, 2013 |
|
Virginia is one step closer to breaking ties with the country's monetary system.
A proposal to study whether the state should adopt its own currency is gaining traction in the state legislature from a number of lawmakers as well as conservative economists. The state House voted 65-32 earlier this week to approve the measure, and it will now go to the Senate.
While it’s unlikely that Virginia will be printing its own money any time soon, the move sheds light on the growing distrust surrounding the nation’s central bank Read more |
|
|
Written by Editorial
- The New York SUn |
|
Wednesday, February 06, 2013 |
|
It’s starting to look like Virginia could yet emerge in a leading role among the states in respect of monetary reform. The lower chamber of its general assembly has passed a bill to underwrite a study of the feasibility of a monetary unit based on a metallic standard. It is one of a number of states that are reaching deep into the Constitution of the United States to protect themselves in an era when the value of the dollars issued by the federal government is collapsing.
We wrote about the situation in the Old Dominion Read more |
|
Written by Dave Baxter
- Business Reporter |
|
Saturday, January 12, 2013 |
|
What can we learn from the Republican Party? Not much, according to November’s election and a swathe of Democrat campaigners – but the party’s decision to examine the possibility of returning to the gold standard snatched headlines and excited economists.
Gold already acts as a safe haven for investors looking to duck economic fallout – according to Lloyds TSB, the metal has enjoyed a 428 per cent price rise between 2002 and 2012, something it puts down to economic uncertainty, rising oil prices and a weak US do Read more |
|
Written by Charles Kadlec
- Forbes |
|
Tuesday, January 08, 2013 |
|
... Emphasizing growth also means the Republicans will have to stop advocating spending cuts in the name of achieving an ephemeral balanced budget. Instead, reducing wasteful federal spending should be pursued for the sake of freeing resources to the private sector. Every dollar the federal government does not spend is a dollar that does not have to be taken from the private sector in the form of taxes or debt. Therefore, reducing wasteful federal spending will not reduce aggregate demand. Read more |
|
Written by Staff
- ProCon.org |
|
Saturday, January 05, 2013 |
|
Prior to 1971, the United States was on various forms of a gold standard where the value of the dollar was backed by gold reserves and paper money could be redeemed for gold upon demand. Since 1971, the United States dollar has been a fiat currency backed by the "full faith and credit” of the government and not backed by, valued in, or convertible into gold.
Proponents of the gold standard argue it provides long-term economic stability and growth, prevents inflation, and would reduce the size of government. They Read more |
|
|
|
|
Page 1 of 32 |
