Badlands Book Club: The Creature From Jekyll Island - Chapter 18
Ashe in America and CannCon settle in for Chapter 18 of The Creature from Jekyll Island, picking up right after Jackson's war on the Second Bank. The Bank is dead, but banking is very much alive, and the chapter walks through the failed fixes that followed. They cover the push to kill small banknotes and force everyday trade back onto gold and silver, then how checkbook money and demand deposits made those limits pointless. Next come the safety-fund schemes, money backed by government securities (the Red Dog and Wildcat era that foreshadowed the Fed), and the mirage of "free banking" that…
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