Free Republic

Arizona Gov. Jan Brewer Thursday vetoed Senate Bill 1439 which would have made Arizona the second U.S. state to recognize gold and silver as legal tender. In a letter to Arizona State Senate President Andy Biggs, Brewer said, “While I believe the concern over a devalued dollar as a result of an unsustainable federal deficit is justified, I am unable to support this legislation.” “I believe the provisions in this legislation need to be more carefully examined and there should be prior coordination with those government agencies tasked with the oversight of these transactions,” she stressed. See also: Navigating gold,...

I have encouraging news in the state of Arizona where lawmakers back gold, silver as currency. The measure is Arizona's latest jab at the federal government, which prohibits states from minting their own money. It also reflects a growing distrust of government-backed money. The bill, which advanced in a 4-2 vote by a House committee Monday, states that gold and silver should be legal currency not subject to tax or regulation as property. The Republican-led Senate gave the bill its blessing in February in a 17-11 partisan vote. The bill would let people use the precious metals as money as...