Tuesday, June 23, 2015

Noted Inflationist Ben Bernanke Attacks Andrew Jackson: "a man of many unattractive qualities and a poor president"

The Huffington Post reports on noted inflationist Ben Bernanke:
In a blog post for Brookings Institute, the former Federal Reserve chairman joined a groundswell of voices opposed to replacing the face of the founding father credited with laying the framework for the modern U.S. economy.

“Hamilton’s demotion is intended to make room to honor a deserving woman on the face of our currency,” Bernanke wrote. “That’s a fine idea, but it shouldn’t come at Hamilton’s expense.”

He suggested removing President Andrew Jackson -- whom Bernanke called "a man of many unattractive qualities and a poor president" -- from the $20 bill.

The seventh president -- widely condemned for his defense of slavery and for committing what many call acts of genocide against Native Americans -- is already the target of a campaign called Women On 20s, which urges the Treasury to replace Jackson with a woman.
Ben Bernanke thinks a poor President is one who pays off the entire national debt! No word yet on when "helicopter" Ben will call for noted racist Abe Lincoln to wiped from the currency. Victor Volsky explains:
On September 22, 1862, President Lincoln published the Emancipation Proclamation, declaring that as of January 1, 1863, all slaves would be set free...in the 10 states of the Confederation which were "in rebellion against the United States." The slaves in the states that, willingly or unwillingly, were not part of the Confederacy, such as Kentucky, Maryland, or Delaware, were to remain in chains. The hypocrisy of the Emancipation Proclamation was so blatant that even Lincoln's loyal secretary of state, William Seward, sarcastically observed, "We show our sympathy with slavery by emancipating slaves where we cannot reach them and holding them in bondage where we can set them free."
Isn't time to take dishonest Abe off the $5 ?