Answer:
I am Adam Smith
Explanation:
Dear Karl Marx
I write to you to explain, respectfully, why your economic theories are wrong.
First of all, capitalism is not doomed to fail as you say. Capitalism is the best economic system we have developed so far. Capitalism allows the free movement of goods and services, and the accumulation of capital, which leads to economic growth, and the subsequent rise in the standards of living. You yourself recognize this fact.
Secondly, capitalism is not fundamentally unfair. It is true that entrepreneurs tend to earn more than workers, but this is because they risk more than them: they risk their capital and savings, and if the business fails, they could find themselves ruined and in debt.
Finally, I do understand that there are flaws with the system, and I support intelligent intervention to solve these flaws. But it is not socialism nor communism what will solve those flaws.
Sincelery, Adam Smith.
<span>The relationship between inflation/deflation with </span>William Jennings Bryan's Cross Gold Speech is about how the country's economy had to accept the imposition of gold as the only way to validate American money; which Bryan felt was a punishment (making a clear allusion to the crucifixion and crown of thorns) the fact that only gold was proof of the real value of money and hence the economic depressions could originate. His solution to the economic depression he had started since 1893 was to mint "easy money" silver coins, with very little gold (a ratio of 16 to 1), unlimited, to end the depression.
