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  • Can The Dollar Once Again Be Anchored By Gold? One Congressman Believes It Can

    11/02/2022 9:29:54 AM PDT · by SeekAndFind · 93 replies
    The Mises Institute ^ | 11/02/2022 | Thorstein Polleit
    On October 7, 2022, US congressman Alex Mooney (a Republican from West Virginia) introduced a bill (the Gold Standard Restoration Act, H.R. 9157) that stipulates that the US dollar must be backed by physical gold owned by the US Treasury. The initiative clearly indicates that the increasingly inflationary US dollar is triggering efforts to get better money.It should be noted that there have already been many legislative changes to make precious metals more attractive as a means of payment in recent years: in many US states, the value-added and capital gains taxes on gold and silver, but also on platinum...