Title: Resolution to Return the United States of America to a Constitutional Money System of Commodity Backed Money
Whereas, Throughout recorded history, mankind has used a variety of monetary systems, the
most common having been the use of paper currency and the use of precious metals;
Whereas, The history of paper currency is a history of inflation, of rising prices, higher economic
risk, economic uncertainty, and economic decline;
Whereas, The history of a precious metals based monetary system is one of stable prices,
economic certainty, and economic prosperity;
Whereas, Periods under the gold standard such as 1880 to 1914 are often characterized by
long-term price stability with an average annual inflation rate of near zero. In the Mises Wire
article “Fixing FDR’s Biggest Blunder: From Gold Standard to Fiat Folly and Back”, “According
to economist Michael Bordo, the gold standard provided long-term stability, evidenced by an
average annual inflation rate of 0.1 percent between 1880 and 1914 as compared to the average
inflation rate of 4.1 percent from 1946 to 2003”;
Whereas, In the Canterbury Consulting White Paper titled, “The Reign of the U.S. Dollar:
Exploring Its Past, Present, and Future”, during the height of the post-WWII Bretton Woods
system, the U.S. dollar was pegged to gold at a fixed rate of $35 per ounce, and other world
currencies were pegged to the dollar. This system is associated with a period of significant global
economic stability and growth;
Whereas, In Article 1, Section 10, Clause 1 of the U.S. Constitution, it states, “No state
shall……make any thing but gold and silver coin a tender in payment of debts”;
Whereas, The money supply has been inflated by an unknown amount as new money has flooded
into various economic sectors and the Federal Reserve Bank has ceased to track segments of the
money supply so that no one knows the true rate of money supply expansion;
Whereas, This out of control increase in the money supply has caused asset values to skyrocket
such that young people cannot afford a home; andWhereas, The rate of marriage and the birth rate
for young people has declined with the rate of home ownership causing an existential threat to the
continuation of our culture, to the viability of the social security system, and the viability of our
economy; now, therefore, be it
Resolved, That we call on Congress to return the United States of America to a constitutional
money system of commodity backed money that has fixed values as required by the Coinage Act
of 1792, which is current law, and honors the scriptural requirement of having “just weights and
measures”; and
Resolved, That the KCRCC secretary send this resolution to Idaho legislators in Legislative
Districts 2, 3, 4, and 5, to Idaho U.S. Representatives Mike Simpson and Russ Fulcher, to Idaho
U.S. Senators Mike Crapo and James Risch, and submit this resolution to the 2026 IDGOP
Winter Meeting for consideration.
Adopted by the KCRCC November 2025 Authors Senator Phil Hart and Nina Beesley, Precinct 307 Committeeman
