Quote:
Originally Posted by icenine
Perhaps we should go back to the days when states had their own currency...nay even banks during this time issued their own notes. I am talking about the early 1800s around Jackson's time.
yeah they had depressions (or panics) all the time back then.  |
I'm kind of tired now but just a quicky. Jackson crushed the banks, and yes there was some depressions. Facts are banks cause the depressions at will, this gives them political leverage. Then the politicians bend to make the voters happy. All the while passing laws that favor the banking institutions.