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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFormer Fed chief Bernanke: Dump Jackson, not Hamilton, on money
WASHINGTON Former Federal Reserve chief-turned blogger Ben Bernanke is calling for the U.S. Treasury to abandon plans to drop Alexander Hamilton from his featured spot on the $10 bill and to dump Andrew Jackson from the $20 instead.
Bernanke wrote Monday that he is appalled by Treasury Secretary Jacob Lews plans to replace Hamilton with a woman. In a post entitled Say it aint so, Jack, Bernanke wrote that adding a woman is a fine idea, but it shouldnt come at Hamiltons expense.
He called the first Treasury secretary without doubt the best and most foresighted economic policymaker in U.S. history.
By contrast, Jackson, president from 1829 to 1837, was a man of many unattractive qualities and a poor president. Jackson opposed attempts to establish a U.S. central bank.
Given his views on central banking, Bernanke wrote, Jackson would probably be fine with having his image dropped from a Federal Reserve note.
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http://www.theheraldbusinessjournal.com/article/20150623/BIZ02/150629776
merrily
(45,251 posts)Repubilcans wanted to take Roosevelt off the dime and replace him with Reagan, even though FDR saved the damned country as it was going down the tubes AND started the March of Dimes to fund polio ressearch that led to the Salk and Sabin vaccine.
I must say, I wish Jackson had not blessed us with the jackass as our party's symbol. Still, fuck Bernanke.
OnyxCollie
(9,958 posts)Fuck him.
merrily
(45,251 posts)FDR interned the Japanese and sponsored development the atomic bomb, but he still belongs on the dime over St. Ronnie.
el_bryanto
(11,804 posts)Regardless of what party he happened to belong to.
Bryant
merrily
(45,251 posts)WDIM
(1,662 posts)He was a racist and committed mass genocide of a whole race of people he should be removed from the money.
Hamiltons economic policies lasted for almost 200 years and made this the biggest and best economy on the planet. That is until Reagonomics came along and free trade sold out our workers to the rest of the world.