INFLATION

The Christian Science Monitor published an article about new economic risks and the risk of inflation. There are many problems in the stock market and with the stock market declining there is a threat of inflation in the United States. This does not necessarily mean there will be a stock market meltdown, but the crisis is causing a big possibility of inflation. The global economy has entered a phase in which its momentum is very difficult to read. The country is going to do its best to make sure no inflation is needed to be done.

This situation is similar to what happened in 1896. The Democratic Party wanted to standardize the value of the dollar to silver and opposed pegging the value of the United States dollar to a gold standard. The inflation that would result from the silver standard would make it easier for poor farmers to pay off their farm debts by increasing their revenue dollars. William Jennings Bryan believed this would protect against inflation. William Jennings Bryan promoted free silver for the better of the United States.