“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
“End the Fed” is a popular slogan among supporters of sound money, but it’s almost certain that Congress will never shut down its own money printer. So, as the Founders repeatedly advised, it’s up to the people of the states to get the job done. Since 2011, people in...
Assessing a state sales tax on the purchase of gold and silver is becoming an outmoded, indeed outrageous, practice – but a small number of U.S. states still engage in it. That number is shrinking as more states repeal those onerous taxes. Several of the remaining...
Physical paper money solves some of the privacy and security issues inherent in central bank digital currencies (CBDCs). But a lot of people seem to have forgotten that government-issued paper fiat is the parent of a CBDC, and it won’t solve the more fundamental...
Did Thomas Jefferson call the economic crisis? “Every thing predicted by the enemies of banks, in the beginning, is now coming to pass. we are to be ruined now by the deluge of bank paper as we were formerly by the old Continental paper.” That’s from a letter to...
Today in history, the Coinage Act of 1792 was passed. It was the first attempt, under the current Constitution, to establish a coinage system for the United States. The coins were based on a decimal system, championed by Thomas Jefferson and Robert Morris in the...