Virginia Considers Issuing Its Own Money

| by Michael Allen

Lawmakers in Virginia are considering printing their own money in case the U.S. dollar ever collapses, reports the Washington Post.

This week, the proposal by Virginia Delegate Robert G. Marshall sailed through the House of Delegates with a 2-1 majority.

“This is a serious study about a serious topic,” Marshall told the Washington Post. “We’re not completely powerless.”

The currency idea has caught on in Virginia and also in other states as some Americans have grown suspicious of the institutions entrusted with safeguarding the economy.

Utah has approved a law recognizing non-traditional currency, while four other states have bills pending.

Marshall's bill may not make it through the Virginia Senate and may not be legal under the U.S. Constitution, but is apparently gaining traction, especially with Tea Partiers.

Source: Washington Post