John Stossel Makes the Case for Private Currencies

Federal Reserve

A woman will be on the new $10 bill, bumping Alexander Hamilton aside. Treasury Secretary Jack Lew says he will choose the woman by year's end, based on "input from the public."  In one survey of the "public," the first female chief of the Cherokee Nation, Wilma Mankiller, placed fourth. The name alone probably reveals something about the attitude of some of those voters. But, writes John Stossel, none of us would have to fight about whom to put on currency if it weren't all created and printed by a central government.