Wednesday, July 1, 2015

Another Reason To Be Happy Hamilton Is Leaving the Ten Dollar Bill

When the Federal Reserve System Chairman who helped convince the intelligentsia that the only thing we have to fear is deflation itself and gave us quantitative easing for who knows how long

says he is "appalled" at the prospect of Hamilton's portrait leaving the ten dollar bill.

In a reversal of the old Debbie Boone line, it must be right if Bernanke feels it is so wrong. Bernanke's case for Hamilton is a list of how Hamilton worked to bring more of the economy under the sphere of the state and its central bank. That has not worked out so well.

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