Saturday, March 6, 2010

Idaho Introduces Its Own "Constitutional Tender Act"!

By Bill Greene
Constitutional Tender Blog
Wednesday, March 3, 2010

Our friends in Idaho have been working for some time now on their own version of a bill to restore constitutionally valid tender in that State, by restoring silver and gold as an alternative to Federal Reserve Notes. This bill, which they are calling the Idaho Constitutional Tender Act, was introduced on March 2nd in the House Ways & Means Committee. It has been assigned bill number 622.

I've been interacting with the members of The Idaho Sound Money Task Force (which includes monetary experts, state legislators, and interested citizens) for a number of months now, and have watched this bill come to fruition after several iterations. I have to say, I'm getting more and more excited as I see more and more states "coming on board" the sound money train!

The Constitutional Tender blog was originally set up to facilitate discussion of the "Constitutional Tender Act," which was being proposed in Georgia. Reprinted with permission.

For further reading:
"Idaho lawmakers consider coinage", Betsy Z. Russell, The Spokesman-Review, March 5, 2010
"Idaho to Consider Constitutional Tender Legislation", Michael Boldin, March 4, 2010

1 comment:

  1. Michael:

    I'm posting here because your Tenth Amendment blog commenting is not working. Excellent commentary and interesting consideration in Idaho. I will definitely follow this one (we provided a link to your post on The Monetary Future blog).

    Our blog follows states' activities in the gold/silver/legal tender area, in addition to free banking, cryptography, and nonpolitical digital currencies. I believe, as does David Chaum, that a successful digital currency must retain at a minimum the privacy and anonymity features of a $100 bill.