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B. Hansen

Viroqua, Wisconsin
Commenter for
48 weeks 5 days

Recent Comments

Posted on 06/15/12 at 06:06 pm in response to What if we dumped the Fed and returned to the gold standard?

Mr. Johnston ignores that the Constitution requires that "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts." Note that silver is included; nothing about bananas. Until 1974, most coins were 70% silver and dollars were redeemable at any local bank for silver coins. Perhaps the reason this was put into the Constitution was so the government could not so easily inflate away the value of the people's hard earned money and go on spending sprees without their...