Jackson also successfully fought to rid the Country of the “Too Powerful over our Economy” National Bank

Herbert G Peters for US Senate, California

We should repeal the federal reserve act.

Jackson also successfully fought to rid the Country of the “Too Powerful over our Economy” National Bank.

Today; we should rid ourselves of the current national bank; "The Federal Reserve System." It has failed us in it mission to provide full employment and to promote the goals of maximum employment, stable prices and moderate long-term interest rates."
The executive branch and the congress are the real problem; they must end the idea that they can “help” the economy.
The executive branch lies to us giving rosy unemployment rates; recently 4.9% unemployment, but they ignore the long term unemployed who are not counted. The real unemployment rate is about 23%.
Regarding stable prices, in 1970 a house in Carson CA cost $33,500 26 years later inflation was such that a 2 year old used Lexus cost - $33,500.
The rule of thumb, we must end central planning of the economy by the congress. During the democrat regimes of the 19^th century we usually had a good economy – but, because congress allowed the banks to grow the money supply with bank loans and 10% reserves; we had all to often bank runs. About 90% of the people using those failed banks lost all their money.
This was a terrible problem for those who lost all their money!
The FDIC was a lame fix; invented by the congress. What congress must do is declare bank money created in the loan process as counterfeit.
This would end inflation.