>The populists had a clearer view of money
>than most of their critics on this list.
>They understood that an inelastic currency
>and a private monopoly on credit
>favored creditors over debtors, stasis
>over economic growth, and concentration
>over broad participation in enterprise.
Well they got their elastic currency with the Federal Reserve Act of 1913. It didn't turn out quite the way they planned. So maybe, by even the most pragmatic standards, the focus on the technical arrangements of money is fairly meaningless if you don't address the class relations and competitive economic system of which money is a representation. That's not "lit-crit crappola," that's politics.
Doug