The Phaserl


The Most Important Veto In U.S. History

[Ed. Note: Once we discovered the work of the folks at LaRouche, the subject of Andrew Jackson became a bit confusing. Researchers at LaRouche would not agree with the point of view shared in this piece. In fact, their counter to this argument can be found in this detailed analysis of the man: The Myth Of Andrew Jackson Destroyed.]

by Chris Rossini, Lew Rockwell:

President Andrew Jackson (despite his faults) did deliver the most important veto in U.S. history when he squashed the central bank at the time, the Second Bank of The United States.

For those who are new to learning about the evils of central banking, it’s important to understand that The Federal Reserve was not the first central bank in the U.S. It’s just the one that stuck and was not weeded out early enough. The Fed was able to dig its roots in at a ripest moment imaginable (i.e., the early 1900′s, when American public opinion tipped into the desire for statism).

We are now 100 years later, and the weed has grown into a full-fledged monster.The early attempts at central banking in the U.S. were stopped:

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5 comments to The Most Important Veto In U.S. History

  • jeff

    The people at LaRouche have it ass-backwards – defending the bankers and attacking the man who “killed the bank”. More greenbacker idiots who think we can just print up wealth.

    • jonathan

      La Rouche wants the Banksters to be good little boys again not many people have taken on the Banksters like Jackson did. A hero for sure

    • Hannon

      They also admire the pants off FDR, who’s changes or new deal changed the role of gov in this country, which allowed it to grow into the beast we have now. In fact FDR was so bad, that if the supreme court didn’t shoot down most of what he did, we would have been totally homogenized with the USSR by the time WW2 started

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