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Reagan gaining currency.(Scan)(Ronald Reagan)(Brief Article)

The American Enterprise

| September 01, 2004 | Izquierdo, Christian | COPYRIGHT 2004 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The idea of memorializing former President Ronald Reagan on American currency has much merit. However, the specific proposal championed by Grover Norquist and Kentucky Senator Mitch McConnell to replace Alexander Hamilton on the $10 bill does not. Conservatives should be wary of interposing modern Presidents--even great ones like Reagan--with one of the nation's founding fathers. Thanks to ideological fads in education, Americans are alarmingly ignorant of important figures in American history. Hamilton's likeness on the ten-spot may be the only exposure millions of Americans get to the intellectual architect of the modern free-market economy and the nation's first Secretary of the Treasury--not to mention co-author of the "Federalist Papers," leader of the Federalist Party, historic rival of Thomas Jefferson, and founder of the New York Post.

Andrew Jackson's removal from the $20 bill might be less objectionable, although a fellow Tennessean and current ...

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