Articles by: americansystemnow

Delegate Sam Rasoul in 2014 (youtube)

Virginia Delegate Highlights the Issue of Poverty

Nov. 14, 2018—Delegate Sam Rasoul, who represents the 11th District in the Virginia House of Delegates, penned an oped in the Roanoke Times Nov. 11, in which he sought to direct attention to one of the fundamental economic crises facing the state, and implicitly the nation. Under the title “The […]

by November 14, 2018 News Shorts
Former Transportation Secretary Ray LaHood

Ray LaHood Promotes Federal Infrastructure Spending

Nov. 9, 2018—Speaking to CNBC on Nov. 8, former U.S. Transportation Secretary Ray LaHood laid out his current thinking on the prospects for a bipartisan Federal infrastructure plan. LaHood, a former Transportation Secretary and long-time proponent of major federal infrastructive spending, pinned his hopes on President Trump supporting an increase […]

by November 10, 2018 Infrastructure, News Shorts
An anti-austerity demonstration in Italy in 2012.

Italian Government Prompts Showdown over EU Austerity Demands

By Andrew Spannaus Nov. 8, 2018–The Italian government of Giuseppe Conte, whose EU-critical policies are driven by the leaders of the two coalition partners, and Deputy Prime Ministers, Luigi Di Maio of the Five Star Movement (M5S) and Matteo Salvini of the League, has decided to openly challenge EU budget […]

by November 9, 2018 Commentary, News
An infrastructure bank can fund the high-speed rail we need. Above, a Chinese high-speed train.

A National Infrastructure Bank to Fund Infrastructure in Virginia

By Alphecca Muttardy, Macroeconomist Last updated 10/25/2018 Summary: At present, the State of Virginia spends about 10% of its total public spending (or 1.7% of the state’s GDP) on public infrastructure projects.[1]  Of that total, the Virginia state budget pays for highway construction and improvements at four-year universities; local governments […]

by November 3, 2018 Commentary, Infrastructure Bank
16th December 1773:  Dressed as Native Americans, a group of Bostonians board a British ship laden with imported tea and throw the full crates into the harbour. This protest against British taxation on tea imports brought the country one step closer to the American War of Independence.  (Photo by Edward Gooch/Edward Gooch/Getty Images)

The 1770 Indian Famine and the American Revolution

Oct. 5, 2018–The following is a guest article, originally published under the title “How Famine in India Sparked the Boston Tea Party and the American Revolution.” It sheds considerable light on what the Founding Fathers and American population at large saw as their possible fate if they did not resist […]

by October 5, 2018 Commentary, History
Video Available: Economic Experts Discuss Putting Wall Street Back in Its Box

Video Available: Economic Experts Discuss Putting Wall Street Back in Its Box

  Click here to watch video of the event held Wednesday, September 26, 2018 at the National Press Club,  in Washington, DC.

by September 30, 2018 Glass-Steagall, News
FDR signing Glass-Steagall in June 1933.

Reinstating Glass-Steagall: A National Imperative

Sept. 28, 2018–The following memorandum, currently being used in Northern Virginia for mobilization in Congress, provides an updated summary of the necessity for the reinstatement. The legislation currently before the Congress has 8 sponsors in the Senate (down due to the death of Sen. John McCain), and 57 in the […]

by September 28, 2018 Features, Glass-Steagall
Chief Justice John Marshall was appointed in May 1800.

Why John Marshall Matters

The sixth and final article in the series “The Supreme Court Affirms the American System.” Sept. 17, 2018–We publish this article today to commemorate Constitution Day, the 231st anniversary of the signing of the founding document of the United States of America. It was Supreme Court Justice John Marshall who […]

by September 17, 2018 Commentary, History
The Grand Coulee Dam, one of the major power projects of the New Deal.

Vital Lessons from the WWII Economic Mobilization

Sept.  11, 2018—In this final section of Stuart Rosenblatt’s Lessons from the WWII Economic Mobilization, he presents three key conclusions from his indepth study of the 1939-1944 period. First, he discusses the components of the dramatic rise in Total Factor Productivity. Second, he recapitulates the means of financing the mobilization. […]

by September 11, 2018 Commentary, History
The PenFed Credit Union was established in 1935.

Credit Union Association Calls for a Modern Glass-Steagall

Sept. 8, 2018—The National Association of Federally-Insured Credit Unions (NAFCU) makes a strong case for reinstating the Glass-Steagall Act, as a means of protecting their institutions and the U.S. economy in a policy paper released earlier this week. “Modernizing Financial Services: The Glass-Steagall Act Revisited” reviews the way in which […]

by September 8, 2018 News Shorts