Archive for August, 2018

A graphic of total factor productivity in the 20th Century, showing the effects of the FDR banking policy.

A Brief History of the Principle of National Banking in the United States

Aug. 27, 2018–While Central Banks exist in many other countries, the United States is unique in its successful development of national banking.  The purpose of National Banks, developed even before the ratification of the U.S. Constitution, was to marshal the financial resources of the young nation and direct them into […]

by August 27, 2018 Commentary, Infrastructure Bank
Alexander Hamilton, founder of the American System. Portrait, Painted by John Trumbull

Actually, It’s Industrial Policy, Not Just Tariffs, That Work

The following is an op-ed which I am submitting to USA Today, but would be usefully submitted to other newspapers as well, in light of the raging debate over President Trump’s tariff policy.  By Nancy Spannaus Aug. 20, 2018—In an op-ed  in USA Today published Aug. 17, Jeff Ferry, research […]

by August 20, 2018 Commentary
The CDC's latest chart on the 2017 increase in drug overdose deaths.

Opioid Deaths Leap Up: No Solution in Sight

August 17, 2018—Once again, the Centers for Disease Control (CDC) has issued a report which should shake Americans to the core. On Aug. 15 the CDC issued a preliminary estimate that 72,000 people died of opioid overdoses in 2017, a figure which represents a 7 to 10% increase over 2016. […]

by August 17, 2018 News Shorts
The Oak Ridge complex where nuclear power was born.

A Qualitative Economic Transformation

By Stuart Rosenblatt Aug. 16, 2018–The following is part 5 of a series devoted to “Lessons for a Recovery: The WWII Economic Mobilization.” Click the following titles for the previous parts: Part One , Part Two , Part Three , and Part Four . As the Allies shifted to the […]

by August 16, 2018 Commentary
An infrastructure bank can fund the high-speed rail we need. Above, a Chinese high-speed train.

Our Revolution Northern Virginia Endorses National Bank

Aug. 11, 2018–At a meeting July 29, the Northern Virginia chapter of Our Revolution passed a resolution endorsing a new National Bank for Industry and Infrastructure. The resolution text reads as follows: Whereas, The American Society of Civil Engineers has reported that the United States needs a minimum of $4.6 trillion […]

by August 11, 2018 News Shorts
Public Citizen's Lori Wallach

Public Citizen’s Lori Wallach: Time to Force a New NAFTA

Aug. 11, 2018–Lori Wallach, the Director of Global Trade Watch, a division of Public Citizen, addressed a very attentive and engaged meeting of citizens from the District, Maryland, and Virginia at Cleveland Park Library on August 9.  Wallach was joined by macro-economist Alphecca Muttardy in the dialogue with approximately 35 […]

by August 11, 2018 News
Trucks on congested I-81

Virginia to Consider Rail Solution for Highway Congestion

Aug. 7, 2018—The Virginia Commonwealth Transportation Board, now under mandate to come up with a plan to deal with highway congestion on Interstate 81 through the Shenandoah Valley, plans to consider an innovative rail solution to the problem. That is the report from David Foster, chairman of the non-profit lobby […]

by August 7, 2018 Infrastructure, News Shorts
The New Orleans sea barrier, completed in 2013.

Army Corps of Engineers Proposes Flood Protection for New York

Aug. 6, 2018—Six years after Hurricane Sandy, the Army Corps of Engineers has begun to present options for protecting the New York-New Jersey harbor area from future devastating storms. At stake is the fate of 16 million people living in the area; three airports; five major rail networks; the largest […]

by August 6, 2018 Infrastructure, News Shorts
Louis XVI on the way to the guillotine, just one of thousands to die.

Alexander Hamilton Answers the Historians

Historians on Hamilton, How a Blockbuster Musical is Restaging America’s Past Renee C. Romano and Claire Bond Potter, editors Rutgers University Press, New Brunswick, 2018, 399 pp. By Nancy Spannaus Aug. 2, 2018—While I did not have very high hopes for this book of essays critiquing the Lin-Manuel Miranda’s musical […]

by August 2, 2018 Commentary