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  1. Maynard says:

    About those ruby slippers…there are several pairs of them that were used in association with the film production. Look up “Ruby slippers” on Wikipedia for details. In the book, the slippers were silver rather than ruby. I’m not sure if this is correct, but I once heard someone assert that the slippers were a political comment: The silver slippers walking the yellow (golden) brick road represented the gold standard versus the proposed bi-metal (gold and silver) standard. This was a huge controversy back in the day, and echoes today’s arguments about “quantitative easing” and other inflationary policies. Adding silver to the standard would have increased the money supply, and there’s always political pressure to do that. And with huge silver discoveries in Nevada, of course the politically-connected silver interests wanted their hoard defined as money, rather than left as an ordinary commodity which would drop in price when the supply outstripped the demand. We never actually monetized silver, but the Bland-Allison act of 1878 authorized the Treasury to buy lots of silver and mint lots of silver dollars. Those were the days when we had more precious metals than we knew what to do with. Different scenario, same politics (i.e., crooks and special interests).

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