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Andrew Jackson's Farewell Address - CURRENCY AND BANKING POLICY

In reviewing the conflicts which have taken place between different interests in the United States and the policy pursued since the adoption of our present form of government, we find nothing that has produced such deep-seated evil as the course of legislation in relation to the currency. The Constitution of the United States unquestionably intended to secure to the people a circulating medium of gold and silver. But the establishment of a national bank by Congress with the privilege of issuing paper money receivable in the payment of the public dues, and the unfortunate course of legislation in the several States upon the same subject, drove from general circulation the constitutional currency and substituted one of paper in its place.

http://xroads.virginia.edu/~cap/jackson/jack~1.htm#currency

Just an excerpt:
Recent events have proved that the paper money system of this country may be used as an engine to undermine your free institutions; and that those who desire to engross all power in the hands of the few and to govern by corruption or force are aware of its power and prepared to employ it.

Please read all of it.




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Digest and disseminate

far and wide!

Wow a lot of gems in a short read.

bumpo

all should read this

Just to bump:

This looks like great reading and I have booked marked it for further inspection.
Thanks for posting it.

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I love my country
I am appalled by my government

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I love my country
I am appalled by my government

Incredible

The thing about the ill-fated race was a bit sketchy but his "earnest desire to perpetuate, in this favored land, the blessings of liberty and equal laws." really shines through.

bump

Seems we did not learn anything from him before, maybe this time...?

Truth exists, and it deserves to be cherished.

doubtful

bump