Balloon Juice ? Louisiana Just Banned Legal Tender

by John Cole

Again, this makes no sense:

Cold hard cash. It?s good everywhere you go, right? You can use it to pay for anything.

But that?s not the case here in Louisiana now. It?s a law that was passed during this year?s busy legislative session.

House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don?t even know about it.

?We?re gonna lose a lot of business,? says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand items.

?We don?t want this cash transaction to be taken away from us. It?s an everyday transaction,? Guidry explains.

Guidry says, ?I think everyone in this business once they find out about it. They?re will definitely be a lot of uproar.?

The law states those who buy or sell second hand goods are prohibited from using cash. State representative Rickey Hardy co-authored the bill.

I?m not sure how this is legal, given that federal law states that US currency is considered legal tender for all transactions. Private business don?t have to accept cash, but I?m not sure how a state can ban private business from accepting it.

Lawyers? Am I wrong about this?

Oh, and this was done in the name of crime prevention by a Democrat. Whatever the intent, I am not sure how this is legal, and has the side effect of making everyone more beholden to banks and the credit card industry. Idiocy.

October 20, 2011 10:20 am Posted?in:?Democratic Stupidity, General Stupidity ?90 Comments

Source: http://www.balloon-juice.com/2011/10/20/louisiana-just-banned-legal-tender/

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