Sen. Lee Bright from Spartanburg county has floated that idea and I'm not sure how many other backers he has. The idea is to have a hedge against inflation and have a monetary system if society collapsed. I don't know enough law to say if it's illegal or not. Back in the 19th century banks in the US could print paper money, known as bank notes. They had to be signed by bank officials and one Western train robber, I think Kid Curry(not the fictional one in TV) got caught when he tried to pass some stolen banknotes without the proper signature.
Anyway, the proposal may well be legal, but it is dumb. Before the US constitution was written states had their own paper money abd it interferred greatly with trade between the states, involving having to exchange money at state borders. Also, Bright is proposing having gold and silver state coins and I don't know where he expects us to get gold and silver from for such a purpose.
Historically, when there has been sound money like gold circulating along side cheap money like paper the sound money drives the cheap money out of circulation. Some ancient people including the Romans who should have known better tried to get additional government money by calling in the coins and changing the mixture, putting a higher percentage of cheap metal in with the gold. Nobody was fooled and the people quickly hoarded the older purer money.
Sen. Bright has been referred to by writers to the local editors as Sen. "not so bright"
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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