BY JOHN FEEHERY Reprinted from TheFeeheryTheory.com
First published in The Hill.
Andrew Jackson was our nation’s first populist president.
He ran against the moneyed Eastern Establishment and abolished the Second Bank of the United States.
Jackson also was the only president to pay off our national debt. Soon after erasing the debt and squashing the national bank, an early version of the Federal Reserve, the American economy went into a severe depression.We have never paid off our national debt again. Continue reading →
Reprinted from RealClearPolitics and Washington Times
If future historians look back on the ruins of the American economy after a U.S. bond crisis struck in the second decade of the 21st century, many causes will be noted. Obviously, it will be seen that for decades before the catastrophe, the U.S. was spending vastly more than it could afford on government health and retirement programs.