Federal Reserve
James Madison: The Constitution vs the National Bank
In 1791, James Madison gave two major speeches on the National Bank, opposing it primarily on grounds that it wasn’t a power expressly delegated in the Constitution. He also rejected claims that used the general welfare and necessary and proper clauses, along with the...
Arkansas Bill Would Take Step Toward Treating Gold and Silver as Money
LITTLE ROCK, Ark. (Feb. 23, 2021) – A bill filed in the Arkansas Senate would exempt gold and silver bullion and coins from sales tax. Passage of this bill would not only relieve some of the tax burdens on investors, but it would also eliminate one barrier to using...
Kansas Legal Tender Act Would Treat Gold and Silver as Money
TOPEKA, Kan. (Feb. 22, 2021) – A bill introduced in the Kansas House would recognize gold and silver specie as legal tender and eliminate taxes levied on it. The legislation would pave the way for Kansans to use gold and silver in everyday transactions, a...
Hawaii House Committee Passes Bill to Take Step Toward Treating Gold and Silver as Money
HONOLULU, Hawaii (Feb. 18, 2021) – Last week, a Hawaii House committee unanimously passed a bill that would repeal the excise tax on the sale of gold and silver bullion. The enactment of this legislation would eliminate one barrier to using gold and silver in...