Letters to the Editor
May 4, 2022
Inflation in the United States - Part 3
The next year, William Jennings Bryan ran for president on an expressly pro-inflation platform. In one of the most famous American political speeches ever given, he demanded that “you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold.” Bryan lost badly to William McKinley, who campaigned on a platform of sound money, and the country would stay on the gold standard until 1933.
The outbreak of World War I caused many disruptions in the American economy even before we entered the conf...