A SC lawmaker is calling for the state to have its own currency. State Senator, Lee Bright, said this will protect SC in case the Fed collapses and hpyer-inflation follows. Similar bills have popped up in Georgia, Virginia and Texas reflecting a growing trend of state politicians venturing into monetary policy. The Georgia bill would require all state debts to be paid in pre-1965 gold and silver coins. This trend also reflects state lawmakers' growing distrust in the stability of the Federal Reserve.
South Carolina lawmakers have quite a history of attempting to protect the state from what they view as mistakes made by the federal government. However, it doesn't look like SC will be having its own currency any time soon. The bill doesn't stand much chance of passing. But who knows...it is South Carolina, and we do have a way of setting ourselves apart...
South Carolina lawmakers have quite a history of attempting to protect the state from what they view as mistakes made by the federal government. However, it doesn't look like SC will be having its own currency any time soon. The bill doesn't stand much chance of passing. But who knows...it is South Carolina, and we do have a way of setting ourselves apart...
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