text: One of Jackson's major campaign promises that he made good on, was the dissolution of the Bank of the United States, which was created by Alexander Hamilton. From then until the creation of the Federal Reserve Bank, our economy operated essentially without government supervision of national capital. It seemed to work fine, but who can imagine life without some grand poobah setting interest rates by fiat? No disrespect intended to Paul Volker, Alan Greenspan, or Ben Bernake. If we're stuck with a monetary tyrant, let's cross our fingers and hope they're a competent tyrant.