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February 18, 2010 04:29 AM UTC

At Least He's Not Your State Rep

  • 20 Comments
  • by: Raphael

(Start melting grandma’s old jewelry! – promoted by Colorado Pols)

I’ve never written one of these before, but this seems to fit the bill.

South Carolina State Representative Mike Pitts (R) has introduced a bill that would ban what he calls “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.

To quote from The Palmetto Scoop: “If the bill were to become law, South Carolina would no longer accept or use anything other than silver and gold coins as a form of payment for any debt, meaning paper money would be out in the Palmetto State.”

http://www.palmettoscoop.com/2…

In the name of economic efficiency, and in face of supposedly assured economic collapse, Representative Pitts has come to save the South Carolinian economy. From the same article: “Pitts said the intent of the bill is to give South Carolina the ability to “function through gold and silver coinage” and give the state a “base of currency” in the event of a complete implosion of the U.S. economic system.”

My god, of course, why didn’t I see it? Moving to silver and gold can save us all!

Wait, huh? That doesn’t make a lick of sense. It’s like a weird mix between a Captain Jack Sparrow and Francisco Pizarro, but in the South Carolina legislature. What is it with this state?

Now this isn’t embarrassing in the “got caught sleeping in the barnyard” sort of way, but for anyone with an even rudimentary grasp of either economics, constitutional law, or both this is just patently ridiculous. Sorry to all the Ron Paul fans out there, but Federal Reserve notes are perfectly legal under Article 1 Section 8 — the ability to coin money and the commerce clause. Additionally, our economy is no longer driven by mercantilism or bartering, and the idea that switching to a gold standard much less actual gold/silver coinage has no basis in any credible theory.

And this doesn’t even need to be a partisan thing either, but to have an elected representative Democrat or Republican who has an understanding of the Constitution and the economy on par with some 6th graders is just downright sad.

What say you Polsters? Worthy of a “At Least S/He’s Not You’re…?”

H/T to PoliticalWire.com

Is the entire South Carolina state government loony tunes?

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20 thoughts on “At Least He’s Not Your State Rep”

  1. Avast ye scurvy dogs! We only take coins of the foinest gold and silver upon the good ship Piggly Wiggly. If ye be needin’ yer eggs and milk, ye best head ‘cross state lines.

    And ye best be rememb’rin to mark yer maps with an X to spot yer buried treasure. Shiver me timbers.

  2. There isn’t enough gold and silver in the world to monetize the economy. If we truly did this we would bring on a horrific depression as the economy was forced to contract to about 1/100th of it’s present size.

    1. Like that is a concern of republicans. If the economy remains in the tank they feel they have a shot at regaining power to keep the economy in the tank.

      It is not until conservatives actually feel the loss of income do they worry about how well the economy does. After all it is all about their bank accounts. the rest of us can starve and die in the street.  

    1. for any bills with the word “gold” in the text, figured that would cover it and didn’t turn up a similar bill. That’s not to say I wouldn’t be surprised by some members of Colorado’s delegation proposing such a law, but the closest bill currently before the CO GA is one that allows gold to be used to cover private transactions, not replace paper money.

  6. SC is consistently in the top 15 of states receiving federal spending as a ratio of how much federal tax they pay*.  If they won’t accept the Federal currency – we’ll just stop sending it.

    *http://www.taxfoundation.org/research/show/22685.html

  7. By grant of the King of England in the 17th century, Carolina extends from the Atlantic Coast to the opposite coast and, according to one of my law professors at the University of South Carolina School of Law, Carolina has an arguable legal claim to be a sovereign nation. Now, if only Blackbeard’s gold can be found on Sullivan’s Island. Will have to re-read Poe’s “Gold Bug.”

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