Monday, October 26, 2015

Redesigning Our Folding Money

For John, BLUFI like consistency from politicians.  Nothing to see here; just move along.

For Democrats the Jefferson-Jackson Day dinners are an important fundraising opportunity.  And, yesterday, in Iowa, there was such an event, with Hunny Bunny, Bernie Sanders and Martin O'Malley.

Which brings me around to the proposal to put a woman on our paper money.

Why are we getting rid of Alexander Hamilton, on the Ten, an immigrant from the Caribbean, where he was born out of wedlock?  Why is he not the model in this time of discussion of immigration?

On the other hand, Andrew Jackson, on the Twenty, is just the kind of racist Democrats have been railing against.  The Trail of Tears?  Can't we let Andy Jackson go and put someone like Harriet Tubman on the Twenty.

Here is someone who appears to agree with me, at least regarding the denomination (at least back in mid-June):

Senator Jeanne Shaheen, Democrat of New Hampshire, had introduced legislation to put a woman on the $20 bill, and she wrote to President Obama this month urging him to use his power to that end.
To give the Treasury Department its due:
Currency is redesigned to stay ahead of counterfeiting.  The ACD [Advanced Counterfeit Deterrence] Steering Committee recommended a redesign of the $10 note next.  The ACD will make its next recommendation based on current and potential security threats to currency notes.
While we all know that there will be politics involved in this, the Secretary of the Treasury is the designated stuckee for the choice:
The Secretary of the Treasury makes the final decision on currency design as established by the Second Legal Tender Act of July 11, 1862 and 12 U.S.C. 418.
Remember, Harriet Tubman, for the Twenty.

Regards  —  Cliff

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