Silent Cal, William Jennings Bryan, and the Gold Standard

"When I was home that summer I took part in a small neighborhood debate in which I supported the gold standard. The study I put on this subject well repaid me."  -- Calvin Coolidge

The Wikipedia entry on Calvin Coolidge observes that he:

Calvin_Coolidge

 

"restored public confidence in the White House after the scandals of his predecessor's administration, and left office with considerable popularity. As a Coolidge biographer put it, "He embodied the spirit and hopes of the middle class, could interpret their longings and express their opinions. That he did represent the genius of the average is the most convincing proof of his strength." Coolidge praised the achievement of widespread prosperity in 1928, saying: "The requirements of existence have passed beyond the standard of necessity into the region of luxury." Some later criticized Coolidge as part of a general criticism of laissez-faire government. His reputation underwent a renaissance during the Ronald Reagan Administration, but the ultimate assessment of his presidency is still divided between those who approve of his reduction of the size of government programs and those who believe the federal government should be more involved in regulating and controlling the economy."

As for Coolidge and the gold standard, economist and economic historian Dr. Kurt Schuler notes, in a private communication, Calvin Coolidge's autobiography, page 77:


The first summer I was in Northampton [Massachusetts] came the famous
free silver campaign of 1896. When Mr. [William Jennings] Bryan was
nominated [for president] he had the support of most of the local
Democrats of the city, but he lost much of it before November. One of
them sent a long communication to a county paper indorsing him. This I
answered in one of the city papers. When I was home [in New Hampshire]
that summer I took part in a small neighborhood debate in which I
supported the gold standard. The study I put on this subject well
repaid me.


Vinaora Nivo SliderVinaora Nivo SliderVinaora Nivo SliderVinaora Nivo Slider

An Exclusive Interview With Lewis E. Lehrman

June 22, 2015

An Exclusive Interview with Lewis E. Lehrman, Part Twenty-one

BOOK REVIEWS

Signs Of The Gold Standard Emerging From Great Britain?

by Ralph Benko

... Given Kwarteng’s current and, likely, future importance to the world monetary discourse it really would be invaluable were he to master the arguments of Jacques Rueff, and of Lewis Lehrman, as well as those of Triffin (who shared the same diagnosis while offering a different prescription).

Read More

 

BLOGS


Exclusive interview with Prof. Lawrence White, Part 3

Ralph J. Benko  |  Oct 20, 2014
Lawrence H. White is an  economics professor at George Mason University who teaches graduate level monetary theory and policy. Lawrence White As described by the Wikipedia, "White earned his BA at Harvard University (1977) and PhD at the University of California at Los Angeles (1982). Before his current role at George Mason...
The Federal Reserve System's James Narron and David Skeie, career officials with the Federal Reserve System, are two eminent historically erudite figures.  Writing in the New York Federal Reserve Bank's online publication, Liberty Street Economics, they recently provided a continuation of their valuable historical "revue," Crisis Chronicles: The Collapse of the...
VIEW BLOGS
An article headline in Saturday’s Wall Street Journalread “Rate Talk Heats Up Within The Fed.” As Journalreporters Jon Hilsenrath and Michael Derby...
VIEW WORLD NEWS
Nov 01, 2014
Key Monetary Writings
Ralph J. Benko

An Exclusive Interview with John Mueller, part 1

It is a delight to interview John D. Mueller, one of the most important aides to Rep. Jack Kemp and...
VIEW KEY MONETARY WRITINGS
 

Kathleen M. Packard, Publisher
Ralph J. Benko, Editor

In Memoriam
Professor Jacques Rueff
(1896-1978)

Now Available on Amazon and from The Lehrman Institute

Gold Standard 3-Pack

Three Gold Standard Titles for One Low Price. Only from The Lehrman Institute Store.

Buy from
The Lehrman Institute