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Congressman Introduces Bill to Remove Income Taxation from Gold and Silver

Congressman Introduces Bill to Remove Income Taxation from Gold and Silver
Washington, DC (February 11, 2019) – The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act(H.R. 1089)backed by the Sound Money Defense League and free-market activists – would... Read More

West Virginia Legislator Proposes Eliminating ALL Taxation on Gold and Silver

West Virginia Legislator Proposes Eliminating ALL Taxation on Gold and Silver
Charleston, West Virginia (January 29, 2019) — West Virginia legislator Delegate Pat McGeehan (R-01) has introduced the West Virginia Sound Money Act, House Bill 2684, to eliminate all tax liability on gold and silver in the state. Following in the footsteps of the Wyoming Legal Tender Act, which passed in Wyoming overwhelmingly last year, the West Virginia Sound Money Act is a similar... Read More

Arizona Legislator Proposes Securing State Reserves with Gold and Silver

Arizona Legislator Proposes Securing State Reserves with Gold and Silver
Phoenix, Arizona (January 22, 2019) – An Arizona legislator has put forward a bill to de-risk the state’s financial holdings with a modest allocation to physical gold and silver in the state’s reserve fund. Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona’s Budget Stabilization Fund be held... Read More

Wyoming Legislators Want State to De-Risk Investments by Holding Gold and Silver

Wyoming Legislators Want State to De-Risk Investments by Holding Gold and Silver
Cheyenne, Wyoming (January 17, 2019) – A group of Wyoming legislators have introduced three bills this week to de-risk the state’s financial holdings with modest allocations to physical gold and silver in the state’s pension fund, reserve fund, and mineral trust fund. Introduced by Representative Roy Edwards (R-Gillette) and co-sponsored by 15 others, the Wyoming Sound Money Trust Act (HB... Read More

Richard Cantillon, the Most Important Economist You’ve Never Heard Of

Richard Cantillon, the Most Important Economist You’ve Never Heard Of
Richard Cantillon is the most important economist you’ve never heard of. Born in Ireland sometime in the mid- to late-1600s, Richard Cantillon’s contributions to economics are found in his major work, Essai sur la Nature du Commerce en General (Essay on the Nature of Commerce in General). In 1734, Cantillon was mysteriously murdered by a disgruntled former employee, and his... Read More

2019 Outlook: The State of Sound Money in the United States

2019 Outlook: The State of Sound Money in the United States
The Great Recession, coupled with the “Ron Paul Revolution,” prompted a renaissance of the sound money movement in the United States. As Germany, Russia, and China — to name a few — continue to increase their gold holdings, the hegemonic power of Federal Reserve Notes (referred to today as the dollar) is slowly slipping away. Simultaneously, whispers—once relegated to fringe... Read More

Showdown Looms on Federal Spending, Border Wall

Showdown Looms on Federal Spending, Border Wall
U.S. government agencies could run out of operating funds starting on midnight this Friday, December 7th. At issue: President Donald Trump’s proposed border wall. He wants Congress to commit $5 billion for construction of a wall along portions of the U.S.-Mexico border. The migrant caravan that recently attempted to crash the border near Tijuana has helped rally Republicans to support... Read More

Sadly, Sound Money ISN’T on the Ballot

Sadly, Sound Money ISN’T on the Ballot
Americans will be headed to the polls to cast ballots in the midterm elections. Polling suggests that Democrats will return to power in the House of Representatives. Republicans are favored to hold on to the Senate. However, political polls have proven less than reliable. There are plenty of people expecting a surprise once the votes are counted. But there are... Read More

Trump’s Backdoor Power Play to Rein In the Fed

Trump’s Backdoor Power Play to Rein In the Fed
“Just run the presses – print money.” That’s what President Donald Trump supposedly instructed his former chief economic adviser Gary Cohn to do in response to the budget deficit. The quote appears in Bob Woodward’s controversial book Fear: Trump in the White House. Trump disputes many of the anecdotes Woodward assembled. But regardless of whether the President used those exact words,... Read More

Congressmen Introduce Bill to End Taxation of Gold and Silver

Congressmen Introduce Bill to End Taxation of Gold and Silver
Washington, DC (September 7, 2018) – The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act – backed by the Sound Money Defense League, Money Metals Exchange,... Read More