These Democrats has regressed to what they were back in 1896 and to a lesser extent, 1900. That year William Jennings Bryan took the Democrat Party by storm with his “Cross of Gold Speech” at their national convention.
He theory was that silver should be coined into money in unlimited quantities. The idea was wages and prices, mostly for farmer’s products since that was one of his major constituencies, would go up. Of course, the less astute among Bryan’s fans couldn’t figure out that the prices for everything else would go too. Of course, the “new money” didn’t all have to be in silver dollars. It could also be paper money that was backed by silver. Since most of that paper money would never be redeemed in silver, the possibility was there to print it in never ending quantities too, which is why the “Green Back Party” people liked Bryan too.
You might ask, “Isn’t silver ‘hard money’?” Today it might seem like it, but in the second half of the 19th century, the western silver mines were producing so much of it that there was a glut on the market. Prices were depressed, and the mine owners were looking for relief. Hence, they kicked in a lot of cash to the Bryan campaign.
Here are a few anti-Bryan items from the 1896 and 1900 campaigns.
A silver dollar was said to contain 53 cents worth of silver. Therefore you had to trust God or Bryan for the other 47 cents. Bryan was often shown as he is here, as an buffoonish, Alfred E. Newman sort of character.
Tiffany & Co, the famous New York City jewelry store, sold this piece to their clients. It contained to the amount of silver that was needed to be worth a dollar. This is very scarce item.
Another way to make the point was to produce huge copies of the contemporary silver dollar in lead. This piece is shown next to an 1896 silver dollar.
As you can see the Democratic apple as not fallen far from the tree. William Jennings Bryan represented a huge shift in the Democrat Party. Prior to his nomination, Grover Cleveland, who supported the Gold Standard, had led the party. After Bryan, the leftward movement pretty much took over the party.
Today the Democrats don’t need silver to inflate the economy. They now want to do it out of thin air without even using paper. All they need is the Federal Reserve computers and a lot of brass from Nancy Pelosi, AOC, Bernie Sanders and the rest of the squad.