The Second Bank Of The United States Famous Quotes & Sayings

Democrats are liberals, and - to their profound embarrassment - liberalism is an old, white European male political philosophy. Liberalism is based on the thought of John Locke, Jean-Jacques Rousseau, Thomas Paine, and - oh, the shame of it - slave-owning, woman-exploiting Thomas Jefferson. Liberalism is deeply confusing to liberals. America's first great liberal populist was Andrew Jackson, perpetrator of the genocidal Trail of Tears and annihilator of the Second Bank of the United States and hence of centralized economic control. (Sadly, Jackson put an end to the Second Bank of the United States before Hillary Clinton had a chance to claim large lecture fees for speaking to its executives.) Plus, liberalism is painfully unhip. Say "Great Society" to today's with-it young Democratic voters and they hear air quotes around the "Great." LBJ — P. J. O'Rourke

The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the state banks, impelled a further inflationary expansion of state banks on top of the spectacular enlargement of the central bank. Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818. — Murray Rothbard