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Sound Money News

Kansas Bill Would Support Sound Money, Exempt Gold and Silver from Sales Tax

May 10th, 2017 • A bill introduced in the Kansas House would exempt gold and silver bullion, and other precious metals, from sales tax, taking a small but important step toward rejecting the Federal Reserve’s monopoly on money.

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Arizona Ends Income Taxation on Gold & Silver Coins

May 10th, 2017 • Arizona Governor Doug Ducey Greenlights House Bill 2014, Removing Income Tax from Certain Precious Metals at the State Level

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Why Good Economics Matters Now More Than Ever

April 27th, 2017 • In a newsletter published in 1970, economist Murray Rothbard wrote, “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsibl

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Time to Hedge State Reserve Funds with Gold

April 5th, 2017 • Financially prudent individuals set aside surplus funds to protect against unforeseen expenditures. This way, when faced with loss of income, house repairs, car trouble, or anything else, they will have a buffer against unanticipated downturns.

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Idaho Democrat Leader Brain Malfunction: “We Can’t Say Gold Is Going to Protect Us from Inflation When [It Has Risen from] $27 an Ounce to $1,218 an Ounce”

March 16th, 2017 • The Dunning-Kruger effect is the idea that low-ability people tend to suffer from illusory superiority. The phenomenon, first studied by David Dunning and Justin Kruger, says that people who know the least tend to overvalue their own competence, and tend

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Idaho House of Representatives Votes Overwhelmingly to Remove Income Taxation from Precious Metals

March 14th, 2017 • By an overwhelming 56-13 margin, the Idaho House of Representatives has voted to end all Idaho taxation on precious metals, e.g. gold and silver coins and bars.

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Maine Law Would Support Ownership of Sound Money

March 8th, 2017 • A freedom-minded Maine legislator has introduced a proposal to remove sales tax on precious metals purchases, removing a disincentive for individuals to protect themselves against the disastrous effects of the Federal Reserve bank.

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Sound Money Is Rising at the State Level

March 7th, 2017 • Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note “dollar,” then levy capital gains taxes on assets when their dollar price rises.

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Idaho Bill Would End Taxation of Gold and Silver

February 24th, 2017 • The Framers of our nation established that gold and silver are money, but federal taxing authorities in recent decades have required taxpayers to pay taxes on this form of money when its exchange for Federal Reserve Notes results in nominal capital “gai

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Alabama Bill Would Help Encourage Use of Gold and Silver as Currency

February 22nd, 2017 • A bill introduced in the Alabama House last week would remove sales taxes from the purchase of gold and silver, encouraging its use and taking the first step toward breaking the Federal Reserve’s monopoly on money.

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