Wednesday, May 22, 2019

Mnuchin Says Tubman $20 Bill Release Delayed; Why She Should Go On a Reintroduced $1,000 Bill

By Robert Wenzel

Treasury Secretary Steven Mnuchin on Wednesday said the introduction of a $20 bill featuring Civil War-era abolitionist Harriet Tubman has been delayed until 2028.

The delay to the redesign, originally scheduled for 2020, was disclosed during Mnuchin’s appearance before the House Financial Services Committee, when Ayanna Pressley, a Massachusetts Democrat, asked about the status of the redesign first announced by former Treasury Secretary Jack Lew in 2016.

“The primary reason we have looked at redesigning the currency is for counterfeiting issues,” Mnuchin said during his testimony. “The $20 bill will now not come out until 2028. The $10 bill and the $50 bill will come out with new features beforehand.”

He said the “imagery feature will not be an issue that comes up until most likely 2026,” at a time when he is highly unlikely to be Treasury secretary.

The Tubman design was announced in 2016 by former Treasury Secretary Jack Lew.

Andrew Jackson is currently featured on the $20 bill.

I have stated before that in my view Jackson should remain on the twenty and Tubman should be featured on a reintroduced one thousand dollar bill as a symbol of the efforts she made to advance freedom. Tubman played a heroic role, fraught with danger, by using the Underground Railroad on 13 missions to free slaves, she should be featured on a one thousand dollar bill as a symbol of modern-day freedom against the surveillance state.

Robert Wenzel is Editor & Publisher of and Target Liberty. He also writes EPJ Daily Alert and is author of The Fed Flunks: My Speech at the New York Federal Reserve Bank and most recently Foundations of Private Property Society Theory: Anarchism for the Civilized Person Follow him on twitter:@wenzeleconomics and on LinkedIn. His youtube series is here: Robert Wenzel Talks Economics. More about Wenzel here.

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