This alone – argued Andrew Jackson and his many allies then and argues Ron Paul and his few allies now – is reason enough against having any central bank whatsoever. Taking into consideration human nature, it’s hard to argue their point. The demise of America’s second central bank (and Biddle’s actions in its defense) warns that concentrated power is a dangerous thing and, even worse, incredibly addictive to those who hold it.” Read more.
1836: The Death Of Our 2nd Central Bank
Real Clear Markets, January 31, 2011.
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