Arizona Governor Ducey Vetoes Gold

This isn’t yet another in a long series of articles lamenting the Federal Reserve, power, politicians, corruption, and the hopelessness of fighting the status quo. What’s the marginal utility of the Nth plus one article reiterating these points? Nearly zero. No, this article is about something else.

It’s about you.

Gov. Doug Ducey vetoed a bill Wednesday that would have made Arizona the third state behind Utah and Oklahoma to recognize gold and silver as legal tender.

Proponents say the bill was designed to reflect a growing distrust of government-backed money. Opponents countered that it sends the wrong message that gold and silver are safer than currency.

Ducey said he didn’t feel the bill was appropriate at this time.

Former Gov. Jan Brewer vetoed similar legislation in 2013 over concerns that its language might exempt the state from collecting income taxes on transactions involving precious metals.

“This would result in lost revenue to the state, while giving businesses that buy and sell collectible coins or currency originally authorized by Congress an unfair tax advantage,” Brewer said of the 2013 bill.  (via Tucson.com)

DuceyWhat would you do, if you were governor, and a fringe issue turned into a bill came to your desk? To all appearances, there is little popular support. The benefits, if any, seem far removed from the practical business of governing. Few people even cared.
What’s that, you say? Gold isn’t like that? There are many people who want gold, the benefits are important, and what could be more practical than honest money?

I can’t hear you. I CAN’T HEAR YOU!

Neither could Governor Ducey.

Do you value honest money? Do you understand how and why the regime of the paper dollar is hurting us? If you care, please consider calling your legislators in Arizona or wherever you are. Please consider donating to the Gold Standard Institute. We can do a lot with a little, but we can’t change the monetary system without your support.

 

Read also:

Small Step Forward for Gold In Arizona

Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals. He created DiamondWare, a technology company that he sold to Nortel Networks in 2008. He has his PhD from the New Austrian School of Economics. He lives with his wife near Phoenix, Arizona. In March 2015 he moved his Gold Standard column from Forbes to SNBCHF.com.
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Permanent link to this article: https://snbchf.com/gold-standard/arizona-governor-ducey-vetoes-gold/

2 comments

  1. AddisonQuale

    Unfortunate turn of events Keith. You’re right. We need to get louder.

  2. JohannaMI

    Hi Keith,

    my full support for your visionary ideas. We should get louder worldwide.
    Greetings from Switzerland!

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