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Politics : Politics for Pros- moderated

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fred woodall
garrettjax
Maple MAGA
To: didjuneau who wrote (770678)11/4/2022 12:21:31 AM
From: didjuneau3 Recommendations  Read Replies (1) of 793820
 

Can you imagine a president taking on the Federal Reserve System today? That’s what Andrew Jackson did in 1832, and it changed America forever.


campaignforliberty.org

Jackson’s victory over the Bank decentralized the economy and led to greater economic prosperity and individual freedom through the 1840s and 1850s. However, his devotion to patronage (i.e., granting jobs to political allies) doubled the size of the federal government during his term, which centralized power in Washington at the people’s expense. This chipped into the prosperity and freedom generated by the end of nationalized banking.

(oops - you win some, you lose some)
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