Joseph P. Farrell – About two years ago at approximately this time, I did a couple of short blogs on the emergence of yet another “local currency,” the Utah “goldback”:

It came, as I noted in a follow-up blog, as part of a movement where many local currencies were springing up:

More recently we’ve seen West Virginia join the growing list of states passing bullion-as-legal tender laws; not specie, but bullion, as states are removing taxes on the commodities in the hopes of stirring up interest in using as a medium of exchange, and Oklahoma appears to be next in line of US states considering the passage of such laws. Continue reading →