http://articles.latimes.com/2011/jun/03/business/la-fi-gold-standard-20110603
The US constitution specifically forbids states to make their own currency but allows them to use gold and silver coin as currency.
Personally any time I see states flexing long-atrophied constitutional muscle I'm elated. Also if the state owed me money it seems I have the right to demand the payment be in gold or silver coin.
The US constitution specifically forbids states to make their own currency but allows them to use gold and silver coin as currency.
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
Personally any time I see states flexing long-atrophied constitutional muscle I'm elated. Also if the state owed me money it seems I have the right to demand the payment be in gold or silver coin.