Those who stayed awake in American history class will remember one of the largest issues surrounding Jackson's reelection in 1832: the Bank War. While the majority of the legislative branch wanted to reauthorize the charter of the Second Bank of the United States, Jackson fought the effort every step of the way. The bank was meant to regulate public credit created by private banking and maintain a stable national currency. But Jackson disagreed with federal banking on principle, arguing that it only benefited the rich. And what he hated most about it was the idea of money made out of paper instead of something innately valuable, like gold or silver.
Museum Of American Finance
That's a whole lot of words for what amounts to "I will stab and choke every a*****e banker I see, so help me God."
Jackson lost his war against paper, but never stopped warning people about it. In his farewell address, he said, "But experience has now proved the mischiefs and dangers of a paper currency, and it rests with you to determine whether the proper remedy shall be applied."