Part 1. FDR’s Hayseed Coalition: Roots Of Modern Money Printing

It was not the anti-gold fulminations of J. M. Keynes at the time of the British crisis in 1931 that finally brought down the gold standard and sound money. Instead, its real demise came two years later in the form of the Thomas Amendment, a powerful expression of the monetary populism which animated FDR’s hayseed coalition. (Excerpted From "The Great Deformation: The Corruption of Capitalism In America" (pp 182-186) (Part 1 of Two Parts)
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