Thursday, December 6, 2012

Let the market work III

More dumb government.  Why do Ohio lawmakers want to limit our access to precious metals?

Leave us alone, we can make our own decisions.

Not very often is there a reason to agree with a federal judge, but this is one.

He must not have received the memo that the people should be forced to use the funny money that the government prints.


Dispatch story here

COLUMBUS — A federal judge has ruled that an Ohio law aimed at curbing gold- and silver-related theft by barring precious-metals dealers from advertising without a license is unconstitutional.

U.S. District Judge Michael Watson in Columbus ordered the Ohio Department of Commerce late yesterday to stop enforcing the Precious Metals Dealers Act. The disputed law set a framework for regulating gold, silver and precious-metals dealers, including coin dealers.

The 1851 Center for Constitutional Law brought the suit on behalf of Liberty Coins of Delaware. It was threatened with closure for refusing to pay fines and obtain a license to advertise.

Watson said advertising your business classifies as speech protected by the First Amendment.

Commerce Director David Goodman urged consumers to be vigilant as the state considers its next step.

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