Texas Bill Would Make Gold and Silver Legal Tender in the State

submitted by Drewski from blog.tenthamendmentcenter.com

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[–]Alienhunter 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Sounds retarded. Who decides the value of the gold and silver?

[–]Drewski[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Who decides the value of dollars?

[–]Alienhunter 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The government. Or rather, it's a complex interaction between the dollar on the foreign currency market, the price people are willing to pay for things, and government regulations and taxes and all sorts of shit.

What's one dollar of gold worth?