People in this nation continue to awaken to the reality that our economic problems have a fundamental cause. That is, nearly a hundred years of unsound monetary policies enabled by an unsound monetary system and controlled by an unsound (unethical) entity known as the Federal Reserve. Several states have moved to take back control of their economic well-being by doing something quite simple – saying “no” to the currency monopoly enjoyed by Federal Reserve Notes.
Utah led the way by passing HB317 in March of 2011. Now, Washington state has joined them by introducing sound money legislation of their own. Washington’s sound money bill is HB2731. The preamble to the Washington bill states:
“The legislature finds that to secure property rights sound money is essential. Gold and silver currency retains earned wealth in the hands of the people and has provided civil societies with a fair, honest, and reliable medium of exchange for over six thousand years. Competitive currencies of gold and silver provide greater security to the people of Washington state in protecting their property and other assets from paper currency inflation.”
Rep. Matt Shea indicated that initial response to the bill has been positive. After all, he said, “Sound money is freedom.”Details