NC State Rep.’s bill would allow Silver or Gold as legal tender

From Eric Dondero:

Meet newly-elected Republican Rep. Glen Bradley of North Carolina. A few weeks in office, and already he's attracting national media. Bradley just introduced a bill that would allow North Carolina to "issue its own legal tender backed by silver and gold."

From the Raleigh News & Observer "Legislator says the state needs its own currency" March 19:

Bradley, a self-employed computer technician and former Marine, attended Southeastern Baptist Theological Seminary in Wake Forest until he could no longer afford tuition, he said. While he has not taken any in-depth classes in economics, Bradley described himself as a devotee of the Austrian School, a branch of economic thought that originated in Vienna and was influential before World War I.

Back then the value of most of the world's currencies were tied to the amount of the gold amassed in their national treasuries. The United States abandoned the gold standard in 1933, after it was blamed for worsening the Great Depression.

Though the ideas of the Austrian School have been rejected by mainstream economists for much of the last century, they are in vogue with Libertarians and some supporters of the tea party movement

Rep. Bradley is a staunch gun rights advocate. He was endorsed in his campaign by the Republican Liberty Caucus. He is also a friend of the Libertarian Party of North Carolina, and recently introduced legislation on their behalf to lower ballot access requirements for third parties in the State. (Source: FreetheVoteNC.com)

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