Hamilton and the Tenner

Hysteriography

It does seem to me historically tone deaf for the Treasury Dept. to consider taking Alexander Hamilton, of all people, off U.S. currency, of all things, or even reducing his presence there. I can’t say I care who is on the money — easier to have nothing there but graphic design, I think — but if any face should be engraved on money, it’s Hamilton’s. Money is what he was all about.

That obvious fact has recently inspired a burst of Hamilton adulation, summed up in Steven Rattner’s New York Times Op Ed today. Rattner takes the controversy as an occasion for making a boatload of wrongheaded comparisons among the U.S. founders, arriving at the foregone conclusion that Hamilton was morally and politically superior to others. That requires glib assertions that misrepresent Hamilton and end up making no historical sense at all.

Leaning at first on the rickety Hamilton-vs.-Jefferson binary, Rattner says Hamilton created the first U.S. central bank against Jefferson’s fierce opposition. Jefferson did oppose the bank, but it…

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