Wednesday, May 11, 2011

What do you think about gold and silver coins being proposed as SC tender?

Another hat tip (and hat trick) to Dick for this contribution.

http://www.midlandsconnect.com/news/politics/story.aspx?id=616413
South Carolina lawmakers are proposing a bill that would give the state another form of legal tender.

Sen. David Thomas, a Republican from Greenville, wants to make gold and silver coins another option in the Palmetto State.  Lawmakers are calling it the Sound Money Legislation.

"I'm no financial expert but am I smart enough to know that you can't keep printing money when it has no backing," says SC Republican Representative Mac Toole.

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