Bryan’s “Cross of gold” - ThisIsCommonSense.org

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On July 9, 1896, William Jennings Bryan delivered his “Cross of Gold” speech advocating bi-metallist inflationism at the 1896 Democratic National Convention in Chicago, Illinois, a triumph of rhetoric over reason that solidified the takeover of the Democratic Party by reformers utterly ignorant of basic economics.

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Thought of the Day

The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about “inflation,” for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting “Stop, thief!” and runs down the street pointing ahead at others.
Murray N. Rothbard, The Case Against The Fed (1994), as quoted by Douglas French, “The Case Against the Fed: How Do We Eliminate Inflation and the Boom-Bust Cycle” (FEE, November 1, 1995).

— Murray N. Rothbard