- The Washington Times - Thursday, February 7, 2013

The Republican-controlled Virginia House of Delegates passed legislation Monday that eventually could allow the state to break ties with the federal monetary system.

The House approved the measure 65-32, advancing the bill for a vote in the Senate. The reality of Virginia’s printing its own cash is unlikely, but Fox News reports that the move is representative of a growing distrust in the country’s central bank.

Delegate Robert G. Marshall, Prince William Republican, told FoxNews.com Tuesday that his bill calls for $20,000 allocated for a study on the “need, means and schedule for establishing a metallic-based monetary unit.”

He said the ultimate goal of the bill is to return the state to the gold standard.

“We’re not going to be printing money with Dave Matthews or Jeff Davis on the front of it,” Mr. Marshall said, referring to two famous Virginians, Fox News reports.

“He’s descending into serious la la land,” House Democratic Caucus Chairman Mark Sickles, who doesn’t think the bill will pass the Senate, told FoxNews.com. He said the state doesn’t need to be shelling out thousands for gold-standard studies when there are more pressing issues, such as unemployment and education.

In 2011, eight states introduced legislation that would bring the gold standard back to their states.

Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide