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Alexis Ludwig's avatar

Fabulous. Would welcome your take on Cleveland’s approach to tariffs. He’s a Republican after all, and from New York too. And the only other president (as you know better than I) ever elected to non-consecutive terms. But his relationship to telling the truth would appear to end the comparison before it began.

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DENNIS B MURPHY's avatar

The movement toward Free Silver (or bi-metalism) was due to conservatives only wanting gold because it was scarce- it maintained the value of the dollar. But this finite resource also kept a tight money supply reducing credit which the "westerners" needed for economic growth- adding silver as another backing for the dollar in a "hard money" system would have expanded the money supply.

Modern "gold bugs" (people who want to go back to the gold standard and away from fiat money, .e. paper money) ignore the fact that the economy cannot grow without a small steady expansion of the money supply

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