…that ridiculous meme, spotted today on social media. The Ethics Alarm’s “Imagine” Award is named after John Lennon’s worst song—well, depending on how you feel about “The Ballad of John and Yoko”—and the absurd utopian fantasy delusions it represents. (John wasn’t even serious about it, but progressives still get misty-eyed when they hear his con-job.)

Ah yes, the perfect society, where everyone succeeds regardless of effort, ability or character! Also where money grows on trees, nobody dies, food and mansions are free, children run and play and never are sad, and pigs fly. Some smart people really think about this crap.

Whoever led them to waste their time, passion and energy bemoaning the fact that up is up, down is down, life is unfair and human beings can never create perfect anythings has a lot to answer for, and yes, I include Jesus and Karl Marx in that group.

Maybe President Trump has read more history than his detractors give him credit for. Trump 2.0 has appeared to take a lot of inspiration from the transformational “If I have the power, why not use it?” Presidency of Teddy Roosevelt, and in his attempt to wrest control over the economy from the Fed (created by The Second Worst President Ever before Biden wandered into the White House, Woodrow Wilson), Trump seems to be emulating another effective and transformational President whom he has previously praised, “King Andy Jackson.”

Jackson famously killed the predecessor to the Federal Reserve, the Second Bank of the United States. The Second Bank of the United States had been chartered for twenty years before Old Hickory took aim at it. It was a hybrid creation, a private institution with exclusive authority to manage the nation’s economy, particularly through the management of currency, without Presidential or Congressional interference. on a national scale. Jackson believed that the decisions of Nicholas Biddle, the president of the Bank, was biased, in league with Republicans, and not worthy of the trust the bank’s dubious authority required. Sound familiar? He also believed that the Bank of the United States was unconstitutional.

In early 1832, Biddle, in open alliance with the Jeffersonian Democratic- Republican Party’s leaders Senators Henry Clay and Daniel Webster submitted an application for a renewal of the Bank’s twenty-year charter four years before the charter was set to expire. This was a partisan political move to force Jackson, leading a new breakaway populist offshoot party into making a contentious decision prior to the 1832 presidential election in which Jackson’s Democrats were likely to have to defeat Clay. Jackson was not the man to back away from a fight. (Sound familiar?) When Congress voted to reauthorize the Bank, President Jackson vetoed the bill with a veto message accusing the Bank of the United States of pitting “the planters, the farmers, the mechanic and the laborer” against the “monied interest” that represented the elite and powerful against the interests of the American public. Guess who had the public behind him, and who won what was called “The Bank War,” the popularly elected President of the United States?

Now we have the War against Lisa Cook. President Trump said on Monday that he was taking the extraordinary step of removing Lisa Cook, a Biden appointee to the Board of Governors of the Federal Reserve in 2022, in what the always objective New York Times calls “a legally dubious maneuver that could undermine the independence of the nation’s central bank.” Or did they write that in 1832?

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