Why is our figurehead Andrew Jackson, he's not an Austrian Economist?

Why is our figurehead Andrew Jackson, he's not an Austrian Economist?

Carl Merger, the conventional father of Austrian Economics, published, "Investigations into the Method of the Social Sciences with Special Reference to Economics" in 1883 and received, from Gustav von Schmoller, a leader of the German Historical School, a harsh review of his ideas where Schmoller derided the ideas as being provincial and, he wrote, of the "Austrian School". Menger and students and followers proudly adopted the pejorative insult as the name of their school of thought.

Andrew Jackson, the 7th President of the United States, being born in 1767, having died in 1845, and having lived only up through the first 5 years of Carl Menger's life, cannot properly be called a Austrian Economist.

Andrew Jackson made himself memorable to Austrians by arguing against the Second Bank of the United States, a proposed central banking institution. Modern Austrian economists and libertarian thinkers such as those at the Mises Institute often praise Jackson for vetoing the Bank's recharter in 1832. Jackson effectively dismantled the institution and Austrians view this a blow against government-backed monetarists and elite crony capitalists.

Andrew Jackson also argued for "hard money" (gold and silver specie) over paper currency and issued the Specie Circular in 1836 that required gold and silver for public land purchases, in an attempt to curb speculation and inflation from state bank notes.

We respect Andrew Jackson for his courage to fight against influential political elites.

If we wanted to signal virtue with our choice of figurehead, we would choose someone other than Andrew Jackson.

"Old Hickory" Jackson was not only accused of but universally acknowledged to have:

  • had a violent temper
  • successfully participated in deadly duels
  • come scandalously close to adultery and bigamy
  • signed the legislation for the genocidal Trail of Tears death march
  • owned hundreds of slaves and opposed the abolitionists, and to have
  • generally viewed his race as superior to others'

Despite having such a virtue-lacking vulgar character, we like using him as a figurehead because he is recognized as the founder of the modern Democrat Party - and it is wonderfully ironic that today's most sanctimonious woke Democrat politicians are associated with a political party founded by such a character of ill repute.

We also like Andrew Jackson as the figurehead for Good Brew because the 1845 painting by Thomas Sully of Andrew Jackson (see https://www.nga.gov/artworks/1128-andrew-jackson) is bold and transformed into a great black and white logo through the magic of AI image processing.

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