SC senator checking out South Carolina currency - wistv.com - Columbia, South Carolina

SC senator checking out South Carolina currency

COLUMBIA, S.C. (AP) - A state senator from Roebuck believes that South Carolina should decide on whether to issue its own currency.

Republican Lee Bright is calling for a subcommittee to study whether such a currency could protect the financial stability of the state. He tells the Herald-Journal of Spartanburg that South Carolina could use its own money if people lose faith in the dollar.

Bright's legislation says the Federal Reserve System is at risk from hyperinflation. It says the new currency would be made of gold or silver or both.

Democrats say the legislation is a waste of time.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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