They strongly support the soft money equation where the currency is weakening by the unlimited money available. Farmers and debtors would find impractical the limitation of the currency. They would imply that the inflation due to soft money would offer an important debtor relief which means that people that were in debt would find easier ways to repay those they owe to. One of the major issues in this whole Federal Government “strategy” was a cycle where farmers had to repay principal and interest on their debts. At the end, they had to repay way more than they originally borrowed for their agriculture. This issue hit the farmers the hardest during the Gilded Age and powers such as businessmen, bankers, and investors took advantage of this
They strongly support the soft money equation where the currency is weakening by the unlimited money available. Farmers and debtors would find impractical the limitation of the currency. They would imply that the inflation due to soft money would offer an important debtor relief which means that people that were in debt would find easier ways to repay those they owe to. One of the major issues in this whole Federal Government “strategy” was a cycle where farmers had to repay principal and interest on their debts. At the end, they had to repay way more than they originally borrowed for their agriculture. This issue hit the farmers the hardest during the Gilded Age and powers such as businessmen, bankers, and investors took advantage of this