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Virginia Lawmakers Propose Creating Their Own Money

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Virginia Del. Robert Marshall (R) introduced a bill to “study the feasibility of a metallic-based monetary unit,” ABC News reports.

Its preamble is rife with damnations of the Federal Reserve and its “unprecedented monetary policy actions” and “activist intervention in
banking and credit markets,” the point being that Virginia can no longer
trust federal fiat money, and might need “a more stable money unit
consistent with limited government.”

The bill easily passed the heavily Republican House of Delegates, 65 to 32.

About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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