GOPer wants Virginia to have its own currency

The state's House of Delegates passed a bill to "study the feasibility of a metallic-based monetary unit"

Topics: Bob Marshall, Republicans, Currency, Gold Standard, Virginia,

Virginia’s House of Delegates passed a bill this week to set up a committee that would consider whether the state should mint its own currency, based on a gold or silver standard.

ABC News reports:

The lower chamber passed a bill Monday to study the possibility. The legislation, proposed by Manassas Republican Del. Robert Marshall, would create a new joint subcommittee made up of lawmakers, plus two outside experts, to “study the feasibility of a metallic-based monetary unit.”

The committee could spend up to $17,440 and would present its recommendations before the legislative session starts in 2014.



The House of Delegates passed the bill by a vote of 65-32, though it is not likely to pass out of the state Senate, which is split evenly between Republicans and Democrats.

Marshall is a big fan of the gold standard, and has repeatedly proposed similar legislation in the past. “Once Virginia leads the way, other [states] will see this,” he said in 2011. “We need to get out of a lethargic mode of acceptance. A gold and silver system puts the power back with the people and not with a private group of bankers.”

Jillian Rayfield is an Assistant News Editor for Salon, focusing on politics. Follow her on Twitter at @jillrayfield or email her at jrayfield@salon.com.

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