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1936 › Alf Landon (Republican) › Gold standard and currency basis
Sound currency 'at all hazards'; no further devaluation; repeal the laws delegating the money power to the Executive
pledge_forwardspecific_pledgecandidate_directevidence A Executive PowerMoney, Currency & Credit similar solutions · similar reasoning
Solution
Restore to Congress the power to coin money and regulate its value by repealing the gold-devaluation, greenback and stabilization-fund delegations; cooperate on international stabilization when safe.
Rationale
'One man, without notice, can alter the value of the dollar--can threaten the savings and the purchasing power of the wages of every man and woman in this country.'
Statements (3)
We oppose further devaluation of the dollar. We will restore to the Congress the authority lodged with it by the Constitution to coin money and regulate the value thereof by repealing all the laws delegating this authority to the Executive.
We must be freed from the effects of an arbitrary and uncertain monetary policy.
The President, in the name of emergency, has acquired almost complete control over the money and credit system of the nation.
Follow-through
not_applicable
No further devaluation occurred, but the delegated monetary powers were renewed by Congress in 1937 and 1939, not repealed.
Other positions on this issue
- A sound currency preserved at all hazards — Franklin D. Roosevelt, 1932 specific_pledge
- Hold the gold standard and the 'honest dollar'; no fiat money, no 'rubber dollar' price-fixing — Herbert Hoover, 1932 specific_pledge
- A permanently sound currency stabilized against wide fluctuations — Franklin D. Roosevelt, 1936 directional_stance
1936-landon-sound-currency-no-devaluation-money-power-to-congress · created by claude-fable-5-1 · review: unreviewed