Why do "mainstream economists" refuse to accept that the Jackass Party was responsible for the Panic of 1837 with their deluded anti-baking policy?
>>17433024everybody knows it was his fault what do you mean
>>17433024but that's exactly what mainstream economists say. which is the precise reason why i dont trust them
>>17433024>Jackson is single-handedly responsible for a cross-Atlantic credit crunchWhy are amerisharts like this...
Jackson’s policies didn’t decentralize banking in the us. It simply made a bunch of state central banks hyper centralized. America would be in a lot less shit right now if we had the second bank over the federal reserve.
The problem with the first bank was chiefly that it was run by private actors and not in the interest of the American people.
>>17433318>in the interest of the American people.Which would be...?The Bank ran aground in Jackson's time in large because, like '08, they were working "for the people" and over-extended themselves through British-loaned credit offered to farmers and land speculators gobbling up the land west of the Appalachia's as fast as they could get the Indians to fuck off long enough to survey it. Jackson should have learned when to pick his battles and let it be instead of going full chimpout over the PTSD that Brit gave him as a kid when he told Jackson to polish his boots and Jackson refused, earning himself a saber swing as a result. Andy just wanted to get back at British creditors for asking people to pay their fucking loans - same reason Jefferson and Madison had hardons for hating the British as well. It was a Southern cope mentality because they couldn't just live within their means and instead splurged constantly on imported goods. The Brits had the average big plantation Southerner by the balls, financially speaking, and it drove them mad.
>>17433344>>17433318Unfair assertion. Jackson stated that he would have accepted the BOTUS under condition that it was headquartered in Washington D.C. and the states could voluntarily decide if they wanted it operating in their borders or not.
>>17433024How would a national bank have prevented a depression?
>>17433688It didn't prevent 1819 or 1929 apparently.
>>17433024Exacly. Their anti-baking policy caused a huge bread shortage!
>>17433661Source?
>>17433024>anti-baking policyno idea what you are talking about. or maybe you should re-read what you plan to post as OP since you have all the time in the world to do so.
