Reading up on the late 19th century Populist & again struck by the fact that the loony, whack-a-doodle hayseeds wanted a fiat currency but the sound, sober, educated responsible elite wanted the gold standard. And as it turns out, the loons were right.
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Such an incredible history. David Montgomery’s critique also worthwhile if you can find it. “On Goodwyn’s Populists” in Marxist Persectives
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"In the McCarthy era this dude worried more about illiberalism than about bad monetary policy. Shocking".
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