| Whereas: |
Congress created the Federal Reserve in 1913, and |
| Whereas: |
In the 110 years since its creation, the value of the dollar has fallen by over 96%, and |
| Whereas: |
Inflation is at the highest level in over 40 years, and |
| Whereas: |
Inflation destroys buying power for workers, forcing families to choose between essentials such as eating, buying medicine, and staying warm, and |
| Whereas: |
Cheap fiat currency has caused a huge federal debt and devastating boom and bust economic cycles, and |
| Whereas: |
This nation’s founders warned that paper money, such as our fiat currency, would divide the nation and destroy our morals, and |
| Whereas: |
Indiana’s Legal Tender Act would allow for competing currencies, protect Indiana citizens from the ill effects of Federal Reserve policy, and attract new investments and jobs to Indiana, among other benefits. |
| Therefore: |
I demand: |
|
that my Indiana state legislators vote “YES” on HB 1043, the Indiana Legal Tender Act, at every opportunity. |