On May 21, 2022, the Libertarian Party of Georgia Executive Committee passed the following resolution:
Whereas, the only power granted to the U.S. Government to issue money in any form is specified at Article I, Section 8, Clause 5 of the U.S. Constitution:
“To coin Money, regulate the value thereof, and of foreign Coin, and fix the Standard of Weights and Measures,” and any monetary powers such as:
- legal tender laws;
- the use of a private bank to issue debt-based fiat currency
- the creation of a government issued digital currency
- any U.S. Government imposed regulation on any freely chosen medium of exchange
…are outside of the powers enumerated in the U.S. Constitution; and
Whereas, the choices of free people will determine the best assets for exchange and stores of wealth, and that the natural source of regulation is the choices of free people exchanging in a free marketplace; and
Whereas, fiat currency has allowed for the imposition of a stealth inflation tax, destabilized the economy, and created bad economic incentives; and
Whereas, a Central Bank Digital Currency will allow the US government to violate the Fourth Amendment by tracking, tracing, interfering with, and blocking any and all transactions made between consenting individuals;
Therefore, be it
Resolved, that the Libertarian Party of Georgia calls for the separation of money and the state; and be it further
Resolved, that the Libertarian Party of Georgia calls for the monetary powers of the US Government to be strictly limited to Article I, Section 8, Clause 5 of the U.S. Constitution, the coinage of money; and be it further
Resolved, that the Libertarian Party of Georgia calls for the free use of any means of exchange mutually agreed upon by individuals engaged in voluntary transactions; and be it further
Resolved, that the Libertarian Party of Georgia opposes any and all attempts made by the United States Government to assume imagined, unconstitutional powers whether by Congressional statute, court order, or Presidential Executive Order, to specifically include:
- Issuance of any fiat digital currency from the U.S. Government or its proxy, the Federal Reserve
- Regulation of any freely chosen medium of exchange in the natural market of economic exchange among the free people, including any freely chosen digital currency such as Bitcoin.
