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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Silver was the compromise! (Bryan)
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Actually, bimetallism was not such a bad idea at the time https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/AEA-JEP_01_01_1990.pdf …
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