By Stephen Mihm
Bloomberg View 

Andrew Jackson Never Wanted to Be On the $20 Bill Anyway

 


The announcement by Treasury Secretary Jack Lew that Harriet Tubman will take the place of Andrew Jackson on the front of the $20 bill has caused some grumbling. Senator Lamar Alexander, who like Jackson is from Tennessee, expressed grave misgivings about the swap. Donald Trump said the change was “pure political correctness.”

But there’s one major political figure who would be thrilled by the news: Jackson himself.

Jackson’s presence on the notes of the Federal Reserve has always been a slap in the face to the seventh president, who unequivocally hated the idea of a central bank th...



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