Wednesday, September 16, 2009

Bastiat Caucus proposes motion in support of Honest Money

For Immediate Release

Sept 16, 2009

Darryl W. Perry, founder of the Bastiat Caucus and At-Large Rep the Boston Tea Party National Committee has proposed the following motion:

Whereas, the currency of the United States of America is fiat and not commodity based, and
Whereas, Article 1 Section 10 of the US Constitution states "No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts", and
Whereas, the legal tender law forces the use of a fiat currency, and
Whereas, fiat currency is the cause of inflation,

Be it resolved,
The Boston Tea Party National Committee calls upon Congress to introduce and pass;
The "Honest Money Act" that would repeal the legal tender law;
The "Free Competition in Currency Act" that would repeal the government monopoly over the creation of coins for use as currency;
The "Tax-Free Gold Act" that would prohibit federal and state taxes on precious metal coins and bullion.