Bill Introduced to Define the Dollar as a Fixed Weight of Goldwww.congress.gov/bill/118th-congress/house-bill/2435
10 sats \ 2 comments \ @Majjin 7 Apr 2023 bitcoin
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10 sats \ 1 reply \ @Majjin OP 7 Apr 2023
It was introduced by Republican Representative Alexander X. Mooney from West Virginia. This is not likely to pass and the congressman has to know that. So I wonder if its just a signal to his base or if its an honest attempt to get the US back on a hard money standard...
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0 sats \ 0 replies \ @orthzar 7 Apr 2023
So I wonder if its just a signal to his base or if its an honest attempt to get the US back on a hard money standard.
It's all of the above:
  • He probably thinks it's a good idea.
  • He knows that his bill will improve his re-election chances.
  • He knows that his bill is going to fail.
Politics is all about convincing people that someone in the government is trying to help the People. Even if that "trying to help" is nothing more than submitting bills that are guaranteed to fail.
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