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Republican wants to link state coffers to gold

 


Republican wants to link state coffers to gold

The Associated Press

HELENA — A Republican lawmaker says his plan to link state coffers to gold would spur rethinking of currency.

Rep. Bob Wagner of Harrison told a House committee Monday that he wants Montana state government to trade with some taxpayers and contractors in units of gold. He envisions the exchange will be done electronically rather than with actual precious metal.

Supporters say the new currency exchange will be "separate and parallel" to the traditional exchange of federal notes.

Opponents argued the proposal does noth...



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