Posted on 04/20/2016 2:23:26 PM PDT by OddLane
After a relentless campaign by conservatives, progressives, and Broadway musicals to keep Founding Father Alexander Hamilton on the $10 bill, it appears the Treasury Department will keep Hamilton. According to POLITICO, they will instead replace President Andrew Jackson on the $20 bill with Harriet Tubman. It’s a shame that progressives (and even conservatives) have been quick to ditch Jackson.
While it’s true that Jackson is often remembered for his alleged reputation for violence, the Trail of Tears, or perhaps even the 1959 Johnny Horton song, “Battle of New Orleans.”—his true legacy is much more important to America...
(Excerpt) Read more at dailysignal.com ...
He also paid off America's debt.
It should be, “The Media Has It Wrong”
Are we suddenly all going “Recent England grammar” in our grammar, now?
“He were there.”
“They is great.”
“Media have it”
Good for him.
Now EVERYBODY who feels so ###ing bad for the Indians, like I tell my nephews/nieces, get the #### off the land you’re on, sell everything, give the proceeds to a reservation and live there among them or SHUT THE #### UP!!
“It was not easy for men engaged in the ordinary pursuits of business, whose attention had not been particularly drawn to the subject, to foresee all the consequences of a currency exclusively of paper, and we ought not on that account to be surprised at the facility with which laws were obtained to carry into effect the paper system. Honest and even enlightened men are sometimes misled by the specious and plausible statements of the designing. 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.
The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations, thereby rendering property insecure and the wages of labor unsteady and uncertain. The corporations which create the paper money can not be relied upon to keep the circulating medium uniform in amount. In times of prosperity, when confidence is high, they are tempted by the prospect of gain or by the influence of those who hope to profit by it to extend their issues of paper beyond the bounds of discretion and the reasonable demands of business; and when these issues have been pushed on from day to day, until public confidence is at length shaken, then a reaction takes place, and they immediately withdraw the credits they have given, suddenly curtail their issues, and produce an unexpected and ruinous contraction of the circulating medium, which is felt by the whole community. The banks by this means save themselves, and the mischievous consequences of their imprudence or cupidity are visited upon the public. Nor does the evil stop here. These ebbs and flows in the currency and these indiscreet extensions of credit naturally engender a spirit of speculation injurious to the habits and character of the people. We have already seen its effects in the wild spirit of speculation in the public lands and various kinds of stock which within the last year or two seized upon such a multitude of our citizens and threatened to pervade all classes of society and to withdraw their attention from the sober pursuits of honest industry. It is not by encouraging this spirit that we shall best preserve public virtue and promote the true interests of our country; but if your currency continues as exclusively paper as it now is, it will foster this eager desire to amass wealth without labor; it will multiply the number of dependents on bank accommodations and bank favors; the temptation to obtain money at any sacrifice will become stronger and stronger, and inevitably lead to corruption, which will find its way into your public councils and destroy at no distant day the purity of your Government. Some of the evils which arise from this system of paper press with peculiar hardship upon the class of society least able to bear it. A portion of this currency frequently becomes depreciated or worthless, and all of it is easily counterfeited in such a manner as to require peculiar skill and much experience to distinguish the counterfeit from the genuine note. These frauds are most generally perpetrated in the smaller notes, which are used in the daily transactions of ordinary business, and the losses occasioned by them are commonly thrown upon the laboring classes of society, whose situation and pursuits put it out of their power to guard themselves from these impositions, and whose daily wages are necessary for their subsistence. It is the duty of every government so to regulate its currency as to protect this numerous class, as far as practicable, from the impositions of avarice and fraud. It is more especially the duty of the United States, where the Government is emphatically the Government of the people, and where this respectable portion of our citizens are so proudly distinguished from the laboring classes of all other nations by their independent spirit, their love of liberty, their intelligence, and their high tone of moral character. Their industry in peace is the source of our wealth and their bravery in war has covered us with glory; and the Government of the United States will but ill discharge its duties if it leaves them a prey to such dishonest impositions. Yet it is evident that their interests can not be effectually protected unless silver and gold are restored to circulation.”
Andrew Jackson Farewell Address, March 14, 1837
Relevant today, or not?
Kinda like the way that the Fed has consistently managed the Dollar to erode its value while ensuring that their fellow bankers, or at least those at the top of the banking industry, are protected and can live off of the churn.
No such things a “crony capitalism” only “government corruption.” “Crony capitalism” is a term invented by government to deflect away from government’s own corruption and unconstitutional activities in granting favors for a price.
Business is not under the Constitution and goes as it should where it is most profitable to do business. If the government unconstitutionally offers business more profitability, the business would be negligent in not pursuing such profitability, but the government has acted illegally, unconstitutionally, and corruptly.
He is hated by the Big government defenders who love inflation.
No wonder the Commie Left wants to take him off the $20 bill . . . he is a free-market economic conservative.
We are not left to conjecture how the moneyed power, thus organized and with such a weapon in its hands, would be likely to use it. The distress and alarm which pervaded and agitated the whole country when the Bank of the United States waged war upon the people in order to compel them to submit to its demands can not yet be forgotten. The ruthless and unsparing temper with which whole cities and communities were oppressed, individuals impoverished and ruined, and a scene of cheerful prosperity suddenly changed into one of gloom and despondency ought to be indelibly impressed on the memory of the people of the United States. If such was its power in a time of peace, what would it not have been in a season of war, with an enemy at your doors? No nation but the freemen of the United States could have come out victorious from such a contest; yet, if you had not conquered, the Government would have passed from the hands of the many to the hands of the few, and this organized money power from its secret conclave would have dictated the choice of your highest officers and compelled you to make peace or war, as best suited their own wishes. The forms of your Government might for a time have remained, but its living spirit would have departed from it.
Andrew Jackson went to Washington with the slogan...”Route the Vipers out!”
What’s old is new again. He was fighting the same type of political insider ship.
I’m always fascinated by how the debate over Fiat money vs. Sound money goes. What we should look at is the numbers and here is what they seem to indicate. Fiat money is almost always better in the short run. Sound money is almost always better when measuring stability generation to generation. With sound money system our downtrends are longer and deeper than with a fiat money system. However generation over generation we see that a sound money system results in your capital still being worth about the same from generation to generation while with the Fiat money system your capital gets wiped out to just a third of its value in a generation of 25 years. Thus if you work hard to save up a nest egg by age 40 then you can expect it to be down to a third by age 65 and to a ninth by age 90. Of course the actual results will vary over time and past results is no guarantee on the future. But I find it fascinating how the discussion of this topic seems to dismiss how good Fiat systems seem to behave in the short run but how they have this unintended consequence of stealing two-thirds of your wealth every generation. And that’s assuming that the tax collectors and regulators haven’t managed to steal your money any other way.
Only President to ever PAY OFF THE DEBT, and it was done simply by casting the Money Changers from the Temple.
Having Jackson’s face on fiat currency dishonors Jackson, and everything he stood for. Were he alive, he’d demand to be removed—and rightly so.
A giant among men and certainly among presidents. What foolish sh!t!
There has to be someone else they can replace instead of Jackson.
If Jackson hadn’t defeated the British in New Orleans the U.S. wouldn’t exist.
The U.S. was a lot closer to falling than people realize now.
She is historically minor figure except as a symbol.
ML/NJ
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.