While I've heard of the drug parable, the Wicked Witch sends the gang across a field of poppies to stop them from reaching Oz and the Good Witch sends "snow" to revive them, I've learned of another parable. In Milton Friedman's book, "Money Mischief", he cites other researchers who've discerned how the story is about the battle in the late 19th century and early 20th between competing economic policies - the gold standard and the gold/silver standard.
Oz = ounce, the Cowardly Lion perhaps played by the blustery but powerless William Jennings Bryan (an advocate of gold and silver), the Tin Man representing other metals (and a common replacement metal for silver), the scarecrow representing farmers, and Dorothy representing the future (just my guess). The gang is repeatedly told to "follow the yellow brick road" - those advocating the gold standard - to Oz to find the cures to their ills which turn out to be illusory. The Wicked Witch of the "East" represents the eastern establishment (NYC) wanting gold as the standard, and the Good Witch of the North apparently a defender of adding/keeping silver as a standard along with gold. How "The Emerald City" and Dorothy's Ruby slippers fit in I don't know, but both are precious stones so I'll bet they play a role in the parable.
Oz = ounce, the Cowardly Lion perhaps played by the blustery but powerless William Jennings Bryan (an advocate of gold and silver), the Tin Man representing other metals (and a common replacement metal for silver), the scarecrow representing farmers, and Dorothy representing the future (just my guess). The gang is repeatedly told to "follow the yellow brick road" - those advocating the gold standard - to Oz to find the cures to their ills which turn out to be illusory. The Wicked Witch of the "East" represents the eastern establishment (NYC) wanting gold as the standard, and the Good Witch of the North apparently a defender of adding/keeping silver as a standard along with gold. How "The Emerald City" and Dorothy's Ruby slippers fit in I don't know, but both are precious stones so I'll bet they play a role in the parable.
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