bigjohn wrote:Why does it say “not legal tender” in the highlights? I’d think they would word it differently and maybe say “legal tender only in the state of Utah” or something to make it more official
Because the law in Utah says that buyers/sellers have the option to transact in precious metals. That makes the currency used in the transaction a voluntary choice (which is the best way...let the market decide what is best for itself). If the term "legal tender" is imposed upon Goldbacks, then the seller of goods and services has
to accept it.
True liberty is being able to decide if I want to pay in gold or in soybeans or with my labor or with some stinky Federal Reserve Hiney Wipes, as long as the other guy is in agreement with my method of payment.