by Fraendy Clervaud | Midlandsconnect.com
COLUMBIA (WACH) — South Carolina lawmakers are proposing a bill that would give the state another form of legal tender.
Sen. David Thomas, a Republican from Greenville, wants to make gold and silver coins another option in the Palmetto State. Lawmakers are calling it the Sound Money Legislation.
“I’m no financial expert but am I smart enough to know that you can’t keep printing money when it has no backing,” says SC Republican Representative Mac Toole.
Thomas also wants a special joint committee to study the need and process for establishing an alternate currency. Read the entire bill here.