by Joshua Cook, Freedom Outpost:
A bill ensuring that Arizona residents can use gold and silver as legal money is one step closer to the governor’s desk, after it passed through an important Senate committee and has already passed the House.
Arizona State Representative Mark Finchem, who introduced the bill, said the problem with a system based solely on Federal Reserve notes is that it is subject to inflation, so the buying power of each dollar decreases over time, reported the Arizona Daily Star.
“When we have a fiat currency that is continually bouncing up and down relative to the price of oil and other market conditions, we are at risk,” he said.
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