The Independent: Cold, hard cash: Utah brings back the silver dollar
Guy Adams, foreign correspondent for the London-based publication, The Independent
, discusses the recent passage of the Utah Legal Tender Act with a local activist attorney who, with others, spearheaded the effort:
The move makes Utah the first US state to attempt to resurrect a monetary era which ended roughly a century ago. But it may not be the last: similar bills are being considered by lawmakers in Minnesota, Carolina, Idaho and roughly nine other states.
Read more ...
"It's all about creating an option," says Hilton, who helped write the Utah Sound Money Act. "By allowing people to pay with gold and silver, you give them a currency they can fall back on that isn't dollars and cents. They can rely on the fact that, as the old saying goes, their money will always be as good as gold."