I almost always agree with Ron Paul. Excepting his commitment to the GOP (I tried it once), I could be his understudy. His travails against central banking, in keen particular, are right on the …er …money.
Article 11, Section 3 of the Indiana Constitution says this:
If the General Assembly shall enact a general banking law, such law shall provide for the registry and countersigning, by an officer of State, of all paper credit designed to be circulated as money; and ample collateral security, readily convertible into specie, for the redemption of the same in gold or silver, shall be required; which collateral security shall be under the control of the proper officer or officers of State.
I’d love to see a debt-free currency issued in competition/ replacement of Federal Reserve Notes. …Did you notice our constitution’s gold/silver valuation requirement? Very nice.
As Governor I would insist upon citizens’ right to barter using whatever unit of barter it chooses (such as the “Liberty Dollar” which, in 2007, was illegally stolen in Indiana by our “federal” government agents).