Utah has passed a Tea-Party inspired law encouraging the use of gold or silver coins from the U.S. Mint as payment for goods and services.
Supporters, according to The New York Times, say “that it is just a beginning, that one day soon Utah might mint its own coins, that retailers could have scales for weighing precious metals and that a state defense force could be formed to guard warehouses where the new money would be made and stored.”
Brave new world? Brave old world? Actually it’s both.
not an economist 