Tag: Andrew Jackson

Categories
ideological culture national politics & policies

Grace the Notes

20 dollars, currency, Jackson, Tubman

Harriett Tubman was an American hero, the great Underground Railroad liberator of slaves, worthy of many honors. 

But should she grace the $20 Federal Reserve Note?

This issue was raised during the Obama administration, when movement was made towards swapping the current Gracer of the Note, President Andrew Jackson, for Tubman. But President Trump stalled the swap.

Now, with Biden in office, it’s back!

How should we “feel” about it?

As I explained in 2016, Tubman is my kind of hero. Jackson, on the other hand, was great with his opposition to the Second National Bank, but his horrific removal of the Cherokee left a great stain on his reputation. Much different for Tubman — a criminal in her day, a secular saint in ours. Jackson owned slaves; Tubman freed slaves.

Yet, take a step back:

Is it an honor to be on a Federal Reserve Note?

The American dollar has been in jeopardy for a very long time — at least since President Richard Milhous Nixon closed the Treasury’s gold window, but probably since the forming of the Federal Reserve … our plutocratic “Third National Bank.”

Why place someone as excellent as Tubman onto a doomed currency?

The argument to keep Andy Jackson there is stronger than putting Ms. Tubman on it: he opposed central banking, and to festoon his likeness on the second most-​used note of our central bank’s denominational line-​up is a way of dishonoring him. 

The reason today’s Democrats want to remove their party’s first president from the Twenty is the very reason to keep him on.

But if they must replace, a better candidate might be … Dick Nixon.

This is Common Sense. I’m Paul Jacob.

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Categories
general freedom ideological culture national politics & policies too much government

The Drinking Gourd

$20, currency, twenty dollar, Jackson, Hamilton, Tubman, illustration

By now, most people are probably OK with Treasury’s plan to oust Andrew Jackson off the face of the $20 Federal Reserve Note and replace him with Harriet Tubman.

I certainly am. Ms. Tubman was a great hero of freedom. President Jackson has a more … mixed legacy.

The original plan to rotate Alexander Hamilton off the ten spot met with pushback as a result of his rising popularity from the Broadway play, Hamilton. Besides, Hamilton deserves blame — er, placement on the nation’s official paper money. Hamilton devised the first national banking system. Andrew Jackson, decades after Hamilton’s death, nixed that insider-​mercantile scheme by refusing to re-​authorize the central bank of the day, setting up a very different system for the Treasury and America’s banks.

Less than a century later, Hamilton’s idea was revived in the form of the Federal Reserve. Which we benefit/​suffer from to this very day.

But in a bizarre twist, Jackson was not simply replaced. He was demoted. Tubman is to be placed on the note’s obverse, and Jackson moved to the back of the bus, er, note. The reverse.

I would have preferred to revive Old Hickory years from now, after the Federal Reserve dissolved, to be featured on a private bank’s note. After all, private banks did that for years between Jackson’s time and the modern period.

Bank notes don’t need the imprimatur of government.

That would allow us to place, on the flip side of the sawbuck, a more suitable image — of the Big Dipper, which served escaped slaves as a direction, to go north: “follow the Drinking Gourd.”

Additionally, the Big Dipper suggests bailouts, doesn’t it?

We’ll have plenty more before the system is changed.

This is Common Sense. I’m Paul Jacob.

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$20, currency, twenty dollar, Jackson, Hamilton, Tubman, illustration

 

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Categories
ideological culture U.S. Constitution

Dead Document?

Could it be? We do not live under the Constitution of the United States. The document has been a dead letter for a century, maybe longer.

Ours is a Post-​Constitutional America.

Surely, there have been great moments of executive usurpation.

Andrew Jackson, in defiance of the Supreme Court, and against all normal principles of law and justice, removed the Cherokee from their agrarian holdings in Georgia and contiguous southeastern United States, sending them marching to Oklahoma. The Supreme Court said his order was unconstitutional. Jackson’s response? Not really much different from “nyah nyah, nyah nyah, nyah nyah.”

Much of the Civil War and Reconstruction was undertaken on the shakiest of constitutional grounds. And then came the “great progressive” presidents.

Republican Teddy Roosevelt and Democrat Woodrow Wilson defied the explicit intent of the Constitution’s authors — as written in The Federalist as well as in the state houses that adopted the new compact. Both presidents construed the Constitution as authorizing the federal government to do pretty much darn near anything not explicitly forbidden in the document.

That was not the original understanding.

And then there is war. The U.S. Congress hasn’t declared an explicit war since World War II. But we’ve been in a never-​ending string of wars.

With Obama, the post-​constitutional prevarication has reached new … effrontery. The current president says that, though he had previously declared the “Iraq War” a done deal, over, finito, he now says his new attacks upon ISIS are constitutionally justified by 2002’s Authorization for Use of Military Force against Iraq.

“Post-​constitutional”? It means our leaders are liars, beyond the law.

This is Common Sense. I’m Paul Jacob.