Opinion from a Libertarian ViewPoint

Posts Tagged ‘HB 2014’

A State’s Right to Honest Money – LewRockwell

Posted by M. C. on March 6, 2017

Audit the Fed is not the only focus of the growing anti-Fed movement. For example, this Wednesday the Arizona Senate Finance and Rules Committees will consider legislation (HB 2014) officially defining gold, silver, and other precious metals as legal tender. The bill also exempts transactions in precious metals from state capital gains taxes, thus ensuring that people are not punished by the taxman for rejecting Federal Reserve notes in favor of gold or silver. Since inflation increases the value of precious metals, these taxes give the government one more way to profit from the Federal Reserve’s currency debasement.
The American West is still wild, if wild is what you call freedom loving. Washington has another word for freedom, treason.

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