Ron Paul

Arizona has started to undermine the Federal Reserve.

Yesterday, Arizona Governor Doug Ducey signed bill HB 2014 into law.

HB 2014 defines gold, silver, and other precious metals as legal tender and exempts them from capital gains taxes, thus allowing Arizona residents to use precious metals as money instead of Federal Reserve notes.

This is the unfolding of currency competition against the Federal Reserve monopoly. Maybe other states will now follow in Arizona’s game-changing footsteps. There’s no reason to wait for another severe financial crisis to act.

Dr. Ron Paul testified before the Arizona Senate Finance Committee in support of the bill in March.

Here’s what he had to say on the Arizona Legislature’s passage — and Arizona Governor Doug Ducey’s signing — of HB 2014:

Every supporter of free-markets should cheer Arizona’s passage of HB 2014. There is no more justification for forcing individuals to use government-created money than there is for forcing them to drive government-manufactured cars. In fact, as the Federal Reserve’s 114 years of failure shows, giving monopoly control over our money supply to a secretive central bank is the most dangerous form of government intervention.

By allowing the people of Arizona to use an alternative to Federal Reserve-created fiat currency, HB 2014 will help the people of Arizona survive the next Federal Reserve-created recessions. Passage of this bill will also help make Arizona more attractive to the growing number of people seeking alternatives to fiat money in order to protect themselves, their families, and their business from the effects of Federal Reserve policy. Thus, this bill will help attract new investments and jobs to Arizona.I hope other states follow Arizona’s lead and pass legislation protecting the right of their citizens to choose to use precious metals instead of the Federal Reserve’s consistently depreciating fiat currency.

C4L President Norm Singleton had this to say…

Congratulations to Arizona Campaign for Liberty for their successful efforts to pass HB 2014 through the Arizona Legislature and then convincing Governor Ducey to reverse positions and sign the bill into law.

Campaign for Liberty is planning to work with activists across the country to get more state legislatures to follow Arizona’s lead. We will also continue our critical work to change our nation’s money monopoly by getting Congress to vote on — and pass — Audit the Fed.


The original article is here.