Articles by: Nancy Spannaus

Hamilton's statue in the Capitol Rotunda

On Hamilton’s Birthday: Apply Hamilton’s Genius Today, and Save the U.S. Economy!

By Nancy Spannaus Jan. 10, 2018—One test of an individual’s genius is the enduring quality and validity of his or her ideas, lasting from one generation to the next. A Leonardo, a Beethoven, an Einstein—to cite just a few examples—produced insights and beauty which have borne fruit, and inspired many […]

by January 10, 2018 Commentary
(dreamstime)

Government Agency Warns of “Red”-hot Danger of Financial Crisis

Dec. 31, 2017—Not every government agency is hewing to the line that the U.S. financial system is secure and thriving. Among the dissidents is the Treasury Department’s Office of Financial Research (OFC), which produced its 2017 Financial Stability Report on December 5. The report has gotten little attention outside a […]

by December 31, 2017 News
Drug overdose

The Death of a Nation?

By Nancy Spannaus Dec. 27, 2017–There was chilling news for Americans earlier this month, when the CDC’s National Center for Health Statistics put out its latest report on life expectancy in the United States. For the second year in a row, life expectancy declined. A look at the details shows […]

by December 27, 2017 Commentary, News
Aerial view of hurricanes' devastation of Puerto Rico

Congress Postpones Disaster Relief Funding Indefinitely

By Nancy Spannaus December 23, 2017—One of the most egregious aspects of the recently passed stop-gap Federal spending bill is its treatment of those whose lives have been brought to ruin by the recent hurricanes and wildfires. After having increased the proposed new appropriation for additional disaster relief to Florida, […]

by December 23, 2017 Infrastructure, News
These pistols, used in the duel which killed Alexander Hamilton, are appropriately displayed right outside Jamie Dimon's office in New York. (New York Historical Society)

Leading Banker Crows: Tax Bill is a Massive New Bailout

Dec. 21, 2017—Alexander Hamilton would be turning over in his grave at the celebrations of the tax bill just passed by the U.S. Congress. The speculators just got a huge win—and the consequences for the physical economy will ultimately be disastrous. JPMorgan Chase CEO Jamie Dimon had no shame about […]

by December 21, 2017 News
The Bank of the United States, one of the aspects of the Federalist System Marshall fought to defend.

We Need a Hamiltonian National Bank!

By Nancy Spannaus Dec. 12, 2017—Ask any professional economist, or Congressman for that matter, about why the United States is facing a hundreds of billions of dollars deficit in basic infrastructure, and he will tell you that we “don’t have the money.” But how could that be true? Trillions of […]

by December 12, 2017 Commentary, Infrastructure Bank
The development and use of advanced machinery increases the productivity of labor.

Want Economic Growth? Study Hamilton’s Report on Manufactures

By Nancy Spannaus Dec. 5, 2017—Today is the anniversary of the submission of First Treasury Secretary Alexander Hamilton’s most conceptual report on the science of economics, his Report on the Subject of Manufactures. That report, submitted to Congress Dec. 5, 1791, provided an in-depth refutation of the “free market” ideas […]

by December 5, 2017 Commentary
This statue stands in Fairbanks, Alaska as a testimony to U.S.-Soviet collaboration in World War III. (Sputnik)

U.S.-Russian Collaboration: An American System Tradition

By Nancy Spannaus Nov. 30, 2017–Those attacking President Trump’s efforts to achieve cooperation with Russia are not only reckless liars, putting our country and the world in danger; they are abandoning the noblest traditions of United States statecraft. From our fight for independence, through to the assassination of President Kennedy, […]

by November 30, 2017 Commentary
Trump OCC Official Campaigns Against Glass-Steagall: Community Bankers Protest

Trump OCC Official Campaigns Against Glass-Steagall: Community Bankers Protest

Nov. 13—While top Trump Administration officials such as National Economic Adviser Gary Cohn and Treasury Secretary Steve Mnuchin have already made it clear that they oppose reintroduction of Glass-Steagall, last week an Administration spokesman went further. Acting Comptroller of the Currency Keith Noreika took to the hustings to actively campaign […]

by November 13, 2017 Glass-Steagall, News
A Page from FDR’s Recovery Program: Nov. 8, 1933

A Page from FDR’s Recovery Program: Nov. 8, 1933

Nov. 8, 2017—Despite the significant measures which President Roosevelt had taken during his first six months in office, he was well aware that it was not enough to prevent horrible privation during the upcoming winter months. So, on Nov. 8, 1933 President Roosevelt signed the Executive Order establishing the Civil […]

by November 8, 2017 History