In Paul We Trust: Do The New Liberty Dollars, Bearing Candidate Ron Paul's Image, Constitute Illegal Currency?
FindLaw columnist and U. Washington law professor Anita Ramasastry discusses the recent federal raid upon the Indiana headquarters of NORFED, an organization that sells precious-metal coins bearing the likeness of Texas Congressman and Republican Presidential candidate Dr. Ron Paul. Federal authorities seized the coins on the ground that NORFED was selling an illegal currency. Will the allegation prove valid? Ramasastry considers applicable law relating to this situation, and also to the situation of barter-like local currencies such as Ithaca, New York's "Ithaca hours."
Monday, Dec. 03, 2007
