Proposed Texas Bill Would Create State-Issued Gold and Silver-Backed Transactional Currencies
by Mike Maharrey A Texas Republican has introduced bills that would create transactional currencies backed 100 percent by gold and silver. The passage of this legislation would open the door for people to easily use sound money in everyday transactions and create competition for rapidly depreciating fiat dollars. Rep. Mark Dorazio filed HB1049 and HB1056. The language in …