Sen. Lee Bright from Spartanburg county has floated that idea and I'm not sure how many other backers he has. The idea is to have a hedge against inflation and have a monetary system if society collapsed. I don't know enough law to say if it's illegal or not. Back in the 19th century banks in the US could print paper money, known as bank notes. They had to be signed by bank officials and one Western train robber, I think Kid Curry(not the fictional one in TV) got caught when he tried to pass some stolen banknotes without the proper signature.
Anyway, the proposal may well be legal, but it is dumb. Before the US constitution was written states had their own paper money abd it interferred greatly with trade between the states, involving having to exchange money at state borders. Also, Bright is proposing having gold and silver state coins and I don't know where he expects us to get gold and silver from for such a purpose.
Historically, when there has been sound money like gold circulating along side cheap money like paper the sound money drives the cheap money out of circulation. Some ancient people including the Romans who should have known better tried to get additional government money by calling in the coins and changing the mixture, putting a higher percentage of cheap metal in with the gold. Nobody was fooled and the people quickly hoarded the older purer money.
Sen. Bright has been referred to by writers to the local editors as Sen. "not so bright"
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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