Below is my public statement of support for H.R. 8421, the Federal Reserve Board Abolition Act, sent on May 22, 2024 to Maine State Representative Lori Gramlich and Maine State Senator Donna Baily of Old Orchard Beach, Maine.
America may now be entering the part of the inflation cycle nobody likes. The feeling of prosperity cultivated by COVID stimulus payments, expanded unemployment benefits and student loan forbearance is wearing off.
Please contact your Maine State Senator and Maine State Representative to support each of these three sound money bills currently before the First Session of the 131st Maine State Legislature.
Today’s Sound Money Musings blog is a guest blog by Maine State Senator Eric Brakey. It is his testimony before the Maine Legislature’s Health Care, Insurance and Financial Services Committee on April 4, 2023 in support of his bill LD 1270, which seeks to codify the legal tender status of gold and silver coins and bars in Maine State Law.
More than a dozen lawmakers in Maine have introduced legislation to end Maine’s controversial practice of levying sales tax on purchases of gold and silver.
Today’s Sound Money Musings blog is a guest blog by Maine State Senator Jim Libby, with his Message to the Maine Legislative Council on January 30, 2023 regarding Legislative Resolution 577, entitled “Joint Resolution, Urging Congress to Limit The Federal Reserve’s Ability to Expand the Money Supply”.
Saco Bay Citizens for Sound Money opposes any proposals or legislation to audit the Federal Reserve System, either as an independent venture by Congress or as a preliminary step towards abolishing the Fed.
Please understand what NOT using U.S. Mint dollar coins is doing. These coins are an important way to pay for our purchases.
Are you aware that State Representative Lori Gramlich of Old Orchard Beach voted not ONCE, but TWICE to KEEP the Maine State Sales and Use Tax in place on the purchase of gold and silver coins? Now why is that?
This book, originally published in 1994, is an excellent work by the late economist Murry Rothbard, laying out the case against central banking in general and the Federal Reserve in particular.