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The hard truth of hard money: in our Republic's youth, presidential candidates openly debated central banking, and Andrew Jackson even won election as a "hard-money" advocate. Today's economic crisis requires a similar return to sound monetary policy.(HISTORY--PAST AND PERSPECTIVE)

The New American

| November 24, 2008 | Krey, Patrick | COPYRIGHT 2008 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

An economic crisis struck America seemingly out of nowhere. The nation was firmly in the grasp of a sharp financial downturn. The citizenry was unsure of its cause, how seriously it would endanger the nation's future, and how long it would last. Fear and confusion spread while a select few with a deep understanding of the monetary system attempted to educate the people about the real cause of the financial crisis. These individuals argued that the inflationary policies of the national bank were the root cause of the crisis and that the only solution was a sound monetary policy based on hard currency.

Thus began a vigorous public debate over the American monetary ...

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