Quote of the week...please share your favourite line from Ayn Rand's writings

“Happiness is that state of consciousness which proceeds from the achievement of one's values.”

Thursday, March 24, 2011

First steps towards a return to the Gold Standard?!

Utah passes bill to make Gold and Silver legal tender

In a defiant mood, Utah's House and Senate thumbed their noses at the US Federal Reserve by passing a bill to remove state taxes on the transfer of gold and allow shops in the state to accept payment in gold coins.

The Financial Times has a story on this historic move:



  1. The fiscally conservative swing through the public in the U.S. seems to be actually affecting change. Maybe not on the national stage (yet?), but certainly on the local level as you pointed out.


  2. Returning to the Gold Standard, would be one of the dumbest things to be done in History. We got rid of it for good reasons.