Achtung Y'all!! According to WashPo: Texas has generally been the at the front of the pack of a
certain variety of uber-hawkish, vaguely paranoid monetary policy talk over the
last few years. Recall it was the state’s governor, Rick Perry, who while
running for president strongly suggested that Ben Bernanke would be committing
treason should the Federal Reserve print any more money.
But now some in the state, including Perry, are looking to
put their money where their mouths are. Literally. Perry and some in the
Texas legislature want to bring the roughly $1 billion worth gold held by the
state university system’s investment fund onto Texas soil, rather than in its
current resting pace in a vault in New York.
“If we own it,” Perry said on Glenn Beck’s radio show last
week, according to the Texas Tribune. “I will suggest to you that that’s not
someone else’s determination whether we can take possession of it back or not.”
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