Until the election of 1852, everybody understood that only a Whig or a Democrat could be elected. The Whigs, however, were unable to find consensus on the issue of slavery; and their house, divided against itself, could not stand. A similar thing is happening now with the Democrats around the issue of oligarchy – and it might spell the end of the party.
FDR made a fatal error when he backed off of anti-lynching legislation to appease Southern Democrats. Today’s progressives can make a new, stronger coalition that isn’t tainted by racism.
A timeline of the monetization of our country; the impetus of the national debt, and how various state and federal banking systems, with Congress’ help, shaped our country’s economics through bank creations, conclusions, failures, and rebirths; from the founding of our nation, to the Nixon Shock ending the literal meaning of the national debt, and giving us what today is often called Modern Monetary Theory.