{"product_id":"2940013136526","title":"Gertrude Coogan's Bluff: Greenback Populism as Conservative Economics","description":"From the author:\u003cbr\u003e\u003cbr\u003e“End the Fed.” With these words, Congressman Ron Paul has mobilized\u003cbr\u003ea small army of political activists who did not know what the Federal\u003cbr\u003eReserve System was in 200⒌ This three-word slogan is the culmination of\u003cbr\u003eAustrian School economist Murray Rothbard’s work, which began in the\u003cbr\u003e1950s. People who had never heard of central banking in 2005 now know\u003cbr\u003ethat the Fed has been at the heart of the Federal government’s attempt to\u003cbr\u003esave the big banks. They do not approve. I certainly share their antipathy.\u003cbr\u003eAll of this has increased the demand for Austrian School economics\u003cbr\u003ematerials as never before. The Mises Institute has benefited greatly.\u003cbr\u003eBut the Mises Institute is not the only beneficiary. Unbeknownst to\u003cbr\u003ethe vast majority of people who now call themselves conservatives another\u003cbr\u003emovement has benefited. It also has been critical of actional reserve\u003cbr\u003ebanking. It also has been critical of the Federal Reserve System. It also\u003cbr\u003ehas published books against the Fed—books that extend back to the days\u003cbr\u003ebefore the Fed was created by Federal law in 19⒔ This movement is an\u003cbr\u003eextension of nineteenth-century Populism, which itself was an extension\u003cbr\u003eof an earlier movement devoted to the creation of a system of pure fiat\u003cbr\u003emoney, a system run by the Federal government. This movement had\u003cbr\u003eits own political party in the 1880s: the Greenback Party, also known\u003cbr\u003eas the Greenback Labor Party. In 1890, this party merged with the\u003cbr\u003enewly formed People’s Party, known as the Populist Party, three years\u003cbr\u003eaer the Populist Party came into existence. Congressman James Weaver,\u003cbr\u003ethe Greenback Party’s leader, was the Populist Party’s first nominee for\u003cbr\u003ePresident in 189⒉ He carried four states. The most famous spokesman for\u003cbr\u003ePopulist Party ideals was the far-le, anti-gold standard politician William\u003cbr\u003eJennings Bryan, who received the Populists’ nomination in 1896, the year\u003cbr\u003ethat he first received the Democrats’ nomination. The Populist Party\u003cbr\u003eended aer 1908, the year of Bryan’s third loss as a nominee.\u003cbr\u003e\u003cbr\u003eFrom ReadCycle:\u003cbr\u003e\u003cbr\u003eEconomist Gary North gives an essay on the history of greenbackism and how it ties into contemporary political movements.","brand":"ReadCycle","offers":[{"title":"Default Title","offer_id":47079204126960,"sku":"2940013136526","price":2.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940013136526_p0.jpg?v=1763577361","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940013136526","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}