Articles by: americansystemnow
March 21, 2019—It’s good news that the state of Connecticut has reached a deal to keep its Millstone nuclear plant open. That plant, owned by Dominion Energy, supplies half of Connecticut’s electricity, and 19% of the electric power for New England as a whole. Similar actions to maintain economically-stressed nuclear […]
Part I. Ben Franklin and Massachusetts Lead the Way By Colin Lowry March 19, 2019 In the original draft of the Declaration of Independence, written by Thomas Jefferson, Ben Franklin, and John Adams, is a paragraph condemning King George III of Britain for the crime of promoting and enforcing the […]
March 7, 2019—Rep. Shelly Willingham (D-Martin) introduced a “joint resolution urging Congress to enact without delay an “American Economic Recovery Program” into the North Carolina State Legislature on Feb. 17. House Joint Resolution 190 has five cosponsors and has been referred to the Banking Committee as the first step. The […]
Feb. 18, 2019—The need for a National Infrastructure Bank (NIB), built along Hamiltonian principles, has come sharply to the fore in the current debate/uproar over the fate of California’s plans for a high-speed rail connection between Los Angeles and San Francisco. Establish a national bank with long-term, low-interest credit, capitalized […]
By Angela Vullo Feb. 17, 2019–Approximately fifty years after Dr. Martin Luther King made his pleas for economic justice, we are confronted with the fact that wealth inequality has turned the United States into one of the most extremely income-stratified nations in the world. In this context, it is instructive […]
By Angela Vullo Feb. 7, 2019–How is it possible that, with 71% of the earth’s surface covered with water, we have a shortage of fresh drinking water on the planet? Might one of the reasons be that, in addition to criminal underdevelopment of the developing nations, some U.S. water infrastructure […]
Feb. 5, 2019—On Feb. 4, a group of Arizona legislators, led by State Senator Juan Mendez, joined the national movement to get Congress to reimpose Glass-Steagall and establish a Hamiltonian National Infrastructure Bank. SM1001, a “Memorial urging Congress to reinstate portions of the Glass-Steagall Act and to support national banking […]
By Edward Spannaus Feb. 3, 2019–In the current climate of attacks on any proposal to raise taxes on the wealthy – labelling such proposals as “radical,” “socialist” if not communistic, a slippery slope leading inevitably to Venezuela, and so forth – it would be difficult to overstate the appalling ignorance […]
Feb. 2, 2019—Rep. Peter DeFazio (D-Or), Chairman of the House Transportation and Infrastructure Committee, will convene his first hearing on the nation’s infrastructure needs on Thursday, Feb. 7. According to the announcement on the Committee’s site, the hearing is entitled “The Cost of Doing Nothing: Why Investing in Our Nation’s […]
History Does Not Come in Black and White By Nancy Spannaus Oct. 11, 2019—The first issue of the revived Bulletin of Loudoun County History is a “must-read” for those seriously committed to achieving racial harmony in the United States. Three of the articles in the yearly journal focus on the […]
By Nancy Spannaus Oct. 13, 2019—If one is to take the actions of the Federal Reserve since Sept. 17 into account, the United States banking system (and perhaps the global one) has already entered into a new systemic crisis. The Fed is issuing tens of billions of dollars a day […]
Hamiltonian Economics Could Have Prevented the Civil War
Part 2 of a series By Nancy Spannaus March 25, 2019—The most compelling historical argument for the need to restore the Hamiltonian American System is the fact that Hamilton’s economic system could have prevented the U.S. Civil War. I develop this argument in Chapter 10 of my book Hamilton Versus […]