Seeking Co-Sponsors for Alternative Currency Resolution

Nolan Schmidt

Nolan Schmidt

SLEC Member
Hello fellow SLEC members.

I would like to put the following resolution to a vote:

Nolan Schmidt said:
“The current fiat system created by the Federal Reserve has been shown to be a failure as the US Dollar had lost its value due to years of inflation as well as the decisions by previous administrations that took away the backing of precious metals from our currency, there has been creation of a tradable form of currency that retains the value of precious metals.

The Libertarian Party of Texas believes that individuals who are engaged with voluntary exchange should be free to use any mutually agreeable commodity or item as money. We also believe in supporting a halt to inflationary monetary policies and unconstitutional legal tender laws.

Therefore, The Libertarian Party of Texas supports the use of alternative currency made from precious metals such as gold and silver as an exchangeable commodity within the State of Texas as both gold and silver are recognized as a solid, spendable, inflation-resistant form of money.

We also believe that the free market can provide said alternative currency without it being regulated or taxed by local, state, or federal government.”
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I am currently seeking co-sponsors to put this to a vote.
 
Strike the existing third and fourth paragraphs and replace with the following:


The Libertarian Party of Texas believes that individuals engaged in voluntary exchange should be free to use any mutually agreeable commodity, item, or medium of exchange as money, without interference, regulation, or taxation by local, state, or federal government. This includes, but is not limited to:
  • Precious metals such as gold and silver in physical or tokenized form;
  • Cryptocurrencies and decentralized digital assets;
  • Community-issued scrips, mutual credit systems, or local exchange trading systems (LETS);
  • Barter of goods, services, or labor;
  • Any other privately created, voluntarily adopted currency or value-transfer mechanism.
We affirm that all sound money emerges from the free market, not from government privilege or legal-tender coercion. Gold and silver remain historically proven, inflation-resistant stores of value, but the right to choose money extends to every non-fraudulent alternative that free people peacefully agree upon.

Therefore, the Libertarian Party of Texas supports:
  1. Repeal of all legal-tender laws that force acceptance of fiat currency;
  2. Elimination of capital-gains, sales, and income taxes on transactions involving any alternative currency;
  3. Recognition of private mints, digital wallets, and voluntary clearinghouses as lawful enterprises;
  4. A complete halt to inflationary monetary policies and central-bank manipulation of money supply.

The state shall neither endorse nor prohibit any currency—its sole duty is to punish fraud and enforce contracts. Let a thousand monies bloom.
 
Scott Talley said:
Strike the existing third and fourth paragraphs and replace with the following:


The Libertarian Party of Texas believes that individuals engaged in voluntary exchange should be free to use any mutually agreeable commodity, item, or medium of exchange as money, without interference, regulation, or taxation by local, state, or federal government. This includes, but is not limited to:
  • Precious metals such as gold and silver in physical or tokenized form;
  • Cryptocurrencies and decentralized digital assets;
  • Community-issued scrips, mutual credit systems, or local exchange trading systems (LETS);
  • Barter of goods, services, or labor;
  • Any other privately created, voluntarily adopted currency or value-transfer mechanism.
We affirm that all sound money emerges from the free market, not from government privilege or legal-tender coercion. Gold and silver remain historically proven, inflation-resistant stores of value, but the right to choose money extends to every non-fraudulent alternative that free people peacefully agree upon.

Therefore, the Libertarian Party of Texas supports:
  1. Repeal of all legal-tender laws that force acceptance of fiat currency;
  2. Elimination of capital-gains, sales, and income taxes on transactions involving any alternative currency;
  3. Recognition of private mints, digital wallets, and voluntary clearinghouses as lawful enterprises;
  4. A complete halt to inflationary monetary policies and central-bank manipulation of money supply.

The state shall neither endorse nor prohibit any currency—its sole duty is to punish fraud and enforce contracts. Let a thousand monies bloom.
Click to expand...
Alright! How's this:

“The current fiat system created by the Federal Reserve has been shown to be a failure as the US Dollar had lost its value due to years of inflation as well as the decisions by previous administrations that took away the backing of precious metals from our currency, there has been creation of a tradable form of currency that retains the value of precious metals.

The Libertarian Party of Texas believes that individuals who are engaged with voluntary exchange should be free to use any mutually agreeable commodity or item as money. We also believe in supporting a halt to inflationary monetary policies and unconstitutional legal tender laws.

The Libertarian Party of Texas believes that individuals engaged in voluntary exchange should be free to use any mutually agreeable commodity, item, or medium of exchange as money, without interference, regulation, or taxation by local, state, or federal government. This includes, but is not limited to:
  • Precious metals such as gold and silver in physical or tokenized form;
  • Cryptocurrencies and decentralized digital assets;
  • Community-issued scrips, mutual credit systems, or local exchange trading systems (LETS);
  • Barter of goods, services, or labor;
  • Any other privately created, voluntarily adopted currency or value-transfer mechanism.
We affirm that all sound money emerges from the free market, not from government privilege or legal-tender coercion. Gold and silver remain historically proven, inflation-resistant stores of value, but the right to choose money extends to every non-fraudulent alternative that free people peacefully agree upon.

Therefore, the Libertarian Party of Texas supports:
  1. Repeal of all legal-tender laws that force acceptance of fiat currency;
  2. Elimination of capital-gains, sales, and income taxes on transactions involving any alternative currency;
  3. Recognition of private mints, digital wallets, and voluntary clearinghouses as lawful enterprises;
  4. A complete halt to inflationary monetary policies and central-bank manipulation of money supply.

The state shall neither endorse nor prohibit any currency—its sole duty is to punish fraud and enforce contracts. Let a thousand monies bloom"
 
I am of the mind that this fits better as a platform plank rather than a resolution. I also point out that this is not an issue in the front of the minds of candidates or casual voters. We don't stand to gain much from publishing this resolution, and we risk alienating people from outside of the macroeconomics/crypto community.

I think we have other issues to highlight at this time.
 
Billy Pierce said:
I am of the mind that this fits better as a platform plank rather than a resolution. I also point out that this is not an issue in the front of the minds of candidates or casual voters. We don't stand to gain much from publishing this resolution, and we risk alienating people from outside of the macroeconomics/crypto community.

I think we have other issues to highlight at this time.
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I respectfully disagree.

If we are to show that we have a stance where we are in our economic viewpoint, we should strongly and openly show our support for non-fiat money as a resolution for those who support alternative forms of currency while we are in a point of relevancy with everything going on economically not just here in Texas, but the entire country.

We must remember that one of the reasons why this party was even founded because of Nixon introduced fiat money the very year that David F. Nolan and the other founding members formed the LP.
 
Billy Pierce said:
I am of the mind that this fits better as a platform plank rather than a resolution. I also point out that this is not an issue in the front of the minds of candidates or casual voters. We don't stand to gain much from publishing this resolution, and we risk alienating people from outside of the macroeconomics/crypto community.

I think we have other issues to highlight at this time.
Click to expand...
Currencies? No, but inflation yes. We should definitely have something to say about the economy and a solution for inflation. Those who don’t understand what this means will hopefully ask the question “How does this help me afford things?” I do however agree that it might be better for the platform. Possibly reworded slightly to more directly explain how we would attack inflation and what that would look like giving our Us senate and house candidates something to point to.
 
I would prefer our platform to be very minimal, even more minimal than it is currently, with a basic statement which says something along the lines of "We uphold that no one has the right to initiate force, coercion, or fraud against peaceful people, and that society should be organized through voluntary cooperation", so I don't personally believe it belongs in the platform. Rather, I think it is correct to clarify our positions in both what we oppose and what we support (ideally at the same time) through resolutions like this.

I think cryptocurrency is an incredibly important topic to the public right now, possibly more than ever. Just yesterday my great-aunt sent me this Instagram Reel (Disclaimer: I have no idea who the person in this real is, I am not advocating for their words) to ask my opinion about the ongoing dilution of the U.S. Dollar and what I thought about alternative currencies, and how they could protect their assets from the runaway money printer. I see people in my family and community who are outside of our sphere as a litmus test for what the public is interested in, and so to me, this is not a resolution that will alienate the public but one which proves to them that our interests are aligned with our principles and that we support what must be done.

For these reasons, I will co-sponsor the amended resolution.
 
Michael Winters said:
I would prefer our platform to be very minimal, even more minimal than it is currently, with a basic statement which says something along the lines of "We uphold that no one has the right to initiate force, coercion, or fraud against peaceful people, and that society should be organized through voluntary cooperation", so I don't personally believe it belongs in the platform. Rather, I think it is correct to clarify our positions in both what we oppose and what we support (ideally at the same time) through resolutions like this.

I think cryptocurrency is an incredibly important topic to the public right now, possibly more than ever. Just yesterday my great-aunt sent me this Instagram Reel (Disclaimer: I have no idea who the person in this real is, I am not advocating for their words) to ask my opinion about the ongoing dilution of the U.S. Dollar and what I thought about alternative currencies, and how they could protect their assets from the runaway money printer. I see people in my family and community who are outside of our sphere as a litmus test for what the public is interested in, and so to me, this is not a resolution that will alienate the public but one which proves to them that our interests are aligned with our principles and that we support what must be done.

For these reasons, I will co-sponsor the amended resolution.
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Thanks Michael. Perhaps this issue is more relevant to voters than I thought. I appreciate the perspective.
 
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