Navigation

Why No Outrage?

(wsj.com)

2008-07-20

I have another theory, and that is that the old populists actually won. This is their financial system. They had demanded paper money, federally insured bank deposits and a heavy governmental hand in the distribution of credit, and now they have them. The Populist Party might have lost the elections in the hard times of the 1890s. But it won the future.

This is a must-read editorial from Jim Grant.

original article | permalink to this