What states are doing to offer more currency competition

Section:

By J.P. Cortez
Mises Institute, Auburn, Alabama
Saturday, December 29, 2018

The destruction of sound money over the past century stems from actions at the federal level, but there are steps states can take -- and even have already taken -- to move toward real, sound, constitutional money.

As state legislatures reconvene in the next few weeks, let's take a look at the current state of play.

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Since 2016 sound money has made a splash on the state level. According to the 2018 Sound Money Index, a new ranking of all 50 states on the extent to which they have implemented the pro-sound money policies, there are currently 38 states with an exemption from sales and use taxes on the purchase of gold and silver.

Since 2016 legislators in 10 states have introduced bills, seven of which were signed into law, to restore sound money by eliminating taxes on gold and silver within their borders. ...

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