Discussion about this post

User's avatar
Charles Wukasch's avatar

Excellent essay! William F. Buckley once said that the average voter in Massachusetts would rather be ruled by the first hundred names in the Boston phone book than by the first hundred names in the Harvard faculty directory. And yet that's an oversimplification. Massachusetts voters kept returning the blue-blooded Kennedys to office. Politics is often unpredictable.

Expand full comment
Charles Wukasch's avatar

"The free-silver proposals of William Jennings Bryan would have wrecked the economy." I'm curious about this statement. First, let me confess that I know little about economic theory and practice. I've had one course in economics and that was in high school in the late 50s (!). I'm now reading Brands' excellent biography of Andrew Jackson. He mentions that lack of liquidity was a problem on the frontier in early America. I also remember something that a friend (retired economic officer in the State Dept.) once told me. Referring to the fact that during the Civil War, probably half the paper currency in circulation was counterfeit, he said that it might actually have been good because it increased liquidity.

Expand full comment
2 more comments...

No posts