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Showing posts from September, 2011

The Utah Monetary Declaration

Earlier this year Utah passed a legal tender act authorizing the use of federally-minted gold and silver coins as money within the state.  Seeking to expand this idea to other states, sound money advocates from across the country met at the University of Utah campus in Salt Lake City on Monday, September 26, 2011 and drafted a declaration they are urging people to circulate as far and wide as possible, but especially to their state representatives.  

Special thanks to Ron Hera for making this issue public.

Here is the Utah Monetary Declaration:

Utah Monetary Declaration

WHEREAS, money, as a medium of exchange, a store of value, and a unit of measure promotes economic activity, growth and productivity by facilitating specialization and trade, the accumulation of wealth and its long-term investment, as well as accountability in setting prices, tracking progress, and settling accounts;
WHEREAS, natural money – precious metal coin – by virtue of its inherent qualities of recognizability, m…