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A Modern History of Bad Money in US Elections 1890–2012

In: Bad Money

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  • Brendan Brown

  • Philippe Simonnot

Abstract

The question of whether to change the status quo monetary regime in favour of a new better monetary regime is rarely top of the agenda or on the agenda at all in the political arena where election campaigns are fought. But there are exceptions. In the US, these have included elections in 1896 (and again in 1900 and 1904)—William Jennings Bryan and the “cross of gold”—and in the mid-1970s to the early 1980s (Carter slamming “Republican monetary policies” in 1976 and then Reagan backing monetarism in 1980 and 1982). In Europe, we can think of Germany in 1969 (the Social and Liberal Democrats backed a revaluation of the DM as a means of freeing Germans from the inflationary dollar and getting immediate benefits of lower prices for the middle-class voters.

Suggested Citation

  • Brendan Brown & Philippe Simonnot, 2025. "A Modern History of Bad Money in US Elections 1890–2012," Springer Books, in: Bad Money, chapter 0, pages 119-146, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-95425-2_13
    DOI: 10.1007/978-3-031-95425-2_13
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