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I have Cherokee ancestors, so I know of Andrew Jackson's role in the Trail of Tears, his contemptuous dismissal of the favorable ruling from Marshall]'s Supreme Court against removal, his role as a real estate developer of plundered Native American lands, etc. But I will give him that he shut down the Second Bank of the United States and called it for what it was and what the Federal Reserve has become.

It is a conundrum that a central bank and a fiat money system is by far the best way to organize a modern economy, but that the governance of such an institution is beyond the grasp to too many people for it to be safe to allow it to operate for fear that the sort of governmental capture we have experienced will inevitably occur. We as a people have not demonstrated that we are competent to govern ourselves. So we allow the self interested to grab control and delude ourselves that all is for the best in the best of all possible worlds.  

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Nov 25th, 2010 at 06:33:27 PM EST

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