Breaking the Bank: Can the GOP Follow Andrew Jackson Back to Power? (Politics‪)‬

RON PAUL'S Rally for the Republic in Minneapolis last September had an echo of 1832. The Twin Cities' Target Center thundered to chants of "End the Fed!" much as a gathering of Andrew Jackson's "Hurra boys" had roared, "Down with the bank!" and "No rag money!" President Jackson's implacable opposition to the second Bank of the United States carried him to re-election and branded his party, the newly organized Democrats, as champion of the middle classes. Today, as discontent with the Federal Reserve mounts--a majority of Congressman Paul's House colleagues has cosponsored his bill to audit the Fed--can the Republican Party find a path back to power in Jackson's anti-bank strategy? The Federal Reserve System is essentially the third Bank of the United States.