William Jennings Trump and the monetary elite

DONALD Trump has been compared with many past politicians – Richard Nixon for his suspicion of the press and Warren Harding for his isolationism are two obvious examples. Steve Bannon, Mr Trump’s alt-right hand man, has just compared him with William Jennings Bryan, who ran unsuccessfully for President in 1896, 1904 and 1908 on the Democratic ticket.

Mr Bannon said that Mr Trump was an orator in the class of Bryan, although that seems pretty hard to credit. The current President has displayed nothing like the eloquence used by Bryan in his most famous speech, to the 1896 Democratic convention.

You come to us and tell us that the great cities are in favour of the gold standard. I tell you that the great cities rest upon these broad and fertile prairies. Burn down your cities and leave our farms, and your cities will spring up again as if by magic. But destroy our farms and the grass will grow in the streets of every city in the country.

Having behind us the commercial interests and the labouring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to…Continue reading

from Business and finance http://www.economist.com/blogs/buttonwood/2017/02/big-switchover?fsrc=rss

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