We’re all for putting a woman on this nation’s paper currency, and endorsed the idea several months ago. But the obvious choice for replacement is Andrew Jackson, not Alexander Hamilton — and yet Treasury Secretary Jack Lew announced Wednesday that it is Hamilton who will be downgraded, if not replaced, on the $10 bill.
It’s a terrible decision — especially since Jackson’s visage on the $20 bill offers such a ripe target. Jackson was an ignoramus on monetary issues and his role in the Indian Removal Act of 1830 is no credit to his legacy, either.
Hamilton, by contrast, happens to be one of the most remarkable individuals of his era — an immigrant who by dint of sheer brilliance, energy and effort became a key aide to George Washington and a decisive advocate for the Constitution through his role in writing the Federalist Papers.
He was also a true rarity among the Founding Fathers in that he understood finance and the importance of banking to the nation’s future.
As Washington’s first secretary of treasury, he took critical steps that ensured the nation’s solvency and continued unity.
Lew, of all people, should appreciate the underrated Hamilton.
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