In case the economy collapses, a Virginia Republican lawmaker wants the state to mint its own alternative currency to the U.S. dollar.
The idea is gaining traction, with Virginia's House of Delegates voting this week to approve a measure to study the effectiveness of such a plan. The study would cost $17,440 in regular U.S. dollars, the Washington Post reports.
"This is a serious study about a serious topic," the bill's sponsor Del. Robert Marshall, R-Prince William said Tuesday. "We're not completely powerless."His proposal would set up a 10-member commission to study "the need, means, and schedule for establishing a metallic-based monetary unit to serve as a contingency currency for the Commonwealth," the Post wrote.
Utah has approved a law recognizing nontraditional currency and several other states are considering the idea, the Post reports.
Via the Washington Post