It's kind of amazing how the bankers were able to set up a system where the enormous cost of the Civil War was paid for by poor farmers (both black and white) while they themselves actually made a profit from it. There's a lesson here going forward with Covid costs.
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Re-reading Lawrence Goodwyn's wonderful Populist Moment along with Hofstadter really clarified just how wrong he was.
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lol beat me to it.
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yes but they were right for the Wrong Reasons you see
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My business card says "Wrong, but for the right reasons".
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you shall not crucify mankind upon a cross of gold
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Not all the populists. There was a fiat currency contingent. And even silver would have been better.
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