States seek currencies made of silver and gold

Feb 6, 2012

Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. David Parsley, E. Bronson Ingram Professor of Economics and Finance, is quoted.