Monday, August 12, 2013
Samuel Tilden on the Wisdom of Centralized Banking and Power
"How could a large bank, constituted on essentially the same principles, be expected to regulate beneficially the lesser banks? Has enlarged power been found to be less liable to abuse than limited power? Has concentrated power been found less liable to abuse than distributed power?"............Yeah, I would say that the American people got it right in 1876 (Tilden won the popular vote but lost the electoral college to Rutherford B. Hayes).
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4 comments:
IMO, Tilden ran into an early form of the \'southern strategy\' .
BB, in my opinion, some of the better Democrats never got elected; Tilden, Al Smith, Paul Tsongas (he never even got the nomination).
Good link. It shows that not only did Tilden win the popular vote, he won it borderline decidedly.
I read it. It didn't look that similar to the "southern strategy" of the Republicans appealing to a large sector of moderate voters who favored racial equality and were turned off by discriminatory Democratic Party policies.
"The point of all this is not to deny that Richard Nixon may have invited some nasty fellows into his political bed. The point is that the GOP finally became the region’s dominant party in the least racist phase of the South’s entire history, and it got that way by attracting most of its votes from the region’s growing and confident communities—not its declining and fearful ones. The myth’s shrillest proponents are as reluctant to admit this as they are to concede that most Republicans genuinely believe that a color-blind society lies down the road of individual choice and dynamic change, not down the road of state regulation and unequal treatment before the law. The truly tenacious prejudices here are the mythmakers’."
- Gerard Alexander
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Will: I don't remember Al Smith.... but I do remember Tsongas well. A Great American.
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