One may wonder how the General Government could create a public debt that is impossible to pay back. The Founders understood the dangers of paper money all too well.
On August 1, 1787, George Washington wrote in a letter to Thomas Jefferson that “paper currency [can] ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.”
If history shows us anything, it shows us that sound money is a check on runaway government.
That’s why it’s critical that South Carolina recognizes gold and silver as legal tender.
As the dollar continues to be devalued by a federal government that won’t stop spending, we must ensure that South Carolinians have the ability to protect themselves from inflation and devaluation.