Comments on: Honest money, the dollar, and South Carolina http://blog.tenthamendmentcenter.com/2011/05/honest-money-the-dollar-and-south-carolina/ The Tenther Grapevine Wed, 22 May 2013 10:02:31 +0000 hourly 1 By: Linda http://blog.tenthamendmentcenter.com/2011/05/honest-money-the-dollar-and-south-carolina/#comment-4623 Linda Sat, 28 May 2011 09:32:25 +0000 http://blog.tenthamendmentcenter.com/?p=7768#comment-4623 In the event that this or a similar legislation goes through, what does that mean for the money that we currently have? In other words, are those who still have the currency that we're using now going to find themselves without usable funds? Another thought: as with all commodities, gold and silver only have value because society ascribes that value to them. If gold and silver were easy to come by, if they couldn't be refined and turned into jewelry and other pretty things, they would certainly be valued less than they are now. Is not all currency, regardless of the appearance of it and how it is made and used, symbolic in essence: with designated, rather than inherent, value?

]]> By: Dr. R. W. Crenshaw http://blog.tenthamendmentcenter.com/2011/05/honest-money-the-dollar-and-south-carolina/#comment-4622 Dr. R. W. Crenshaw Tue, 24 May 2011 22:21:14 +0000 http://blog.tenthamendmentcenter.com/?p=7768#comment-4622 If gold backed every "dollar" printed by the government, burgers would not cost $2.00 any longer. Voluntary exchange between willing buyers and seller would 'reset' prices to reflect the value of gold.

Dr. Randy Crenshaw
Charlottesville, Virginia

]]> By: Durk Pearson http://blog.tenthamendmentcenter.com/2011/05/honest-money-the-dollar-and-south-carolina/#comment-4621 Durk Pearson Tue, 24 May 2011 16:02:33 +0000 http://blog.tenthamendmentcenter.com/?p=7768#comment-4621 A silver (pre 1965) dime is just about right for paying for a burger. I’m old enough to remember that when I was a child, burgers did indeed cost a dime.

]]> By: L:ock http://blog.tenthamendmentcenter.com/2011/05/honest-money-the-dollar-and-south-carolina/#comment-4620 L:ock Tue, 24 May 2011 15:30:46 +0000 http://blog.tenthamendmentcenter.com/?p=7768#comment-4620 The only question is how do we pay the huge numbers that the GDP is made up of with a very limited supply of metals? For instance, with gold at $ 1,500 per Oz how do you pay for a $ 2.00 burger? 2/1500 of an ounce is very small?

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