By Nancy Spannaus June 13, 2019—As this blog has argued before, the first Hundred Days of the administration of Franklin Delano Roosevelt (FDR) represented a dramatic turning point in American history. As he had promised, FDR asserted the responsibility of the Federal Government to fulfill its Constitutional duty to promote […]
Learning from FDR’s Emergency Action By Nancy Spannaus June 11, 2019—The 2008-9 period of mass housing foreclosures may be over, but the housing crisis in the United States is not. Exorbitant prices in the nation’s major cities, along with burgeoning homelessness centered in many of those same locations, attest to […]
By Nancy Spannaus June 3, 2019—On May 30, I was thrilled to finally be able to visit the Grange, the summer home which Alexander Hamilton built in the early 1800s. I joined a tour given by the vice-president of the Alexander Hamilton Awareness (AHA) Society, Sergio Villavicencio, who provided a […]
On the occasion of the anniversary of the TVA By Nancy Spannaus May 18, 2019—As we celebrate the 86th birthday of the Tennessee Valley Authority (TVA), while in the midst of devastating floods in the Midwest, it is time to turn our minds to building a TVA on the Missouri. […]
Commemorating the 150th Anniversary of the Transcontinental Railroad on May 10. By Nancy Spannaus May 11, 2019—When President Lincoln, in his Second Inaugural Address, spoke of the need to “bind up the nation’s wounds,” he was not specifically referring to his signature construction project, the Transcontinental Railroad. But in all […]
By Nancy Spannaus May 2, 2019—If Congress and the President are serious about funding a long overdue national infrastructure program, Hamiltonian banking must be the subject of their discussions over the coming weeks. A model proposal for a Hamiltonian National Infrastructure Bank has been proposed by this blog for nearly […]
A review by Nancy Spannaus Market Rules: Bankers, Presidents, and the Origins of the Great Recession Mark H. Rose University of Pennsylvania Press, Philadelphia, PA., 2019, 258 pp. April 17, 2019—Call me a populist if you will, but I cannot discuss the financial blowout of 2008 without holding responsible those […]
By Angela Vullo April 17, 2019–The U.S. Declaration of Independence states that Americans are committed to achieving “life, liberty, and the pursuit of happiness.” Somewhere along the line that commitment has been lost. As the horrific increase in deaths of despair dramatizes, a large segment of Americans today are, frankly, […]
By Nancy Spannaus April 15, 2019—When I conceived of the polemic which shapes my book Hamilton Versus Wall Street, I knew I would be debunking the myth that Alexander Hamilton was a tool of the financial class. After reading the 2002 book Alexander Hamilton and the Persistence of Myth by […]
By Nancy Spannaus June 16, 2019—Today, this blog turns two years old. Over the past two years, we have published 333 posts, ranging from reprints of key historic documents, to in-depth analyses of FDR’s New Deal and war mobilization, to more pithy analyses of current economic developments from the standpoint […]
by Nancy Spannaus June 15, 2019–In their June 12 column in Wall Street on Parade, Pam and Russ Martens reviewed the scandal of the century—the fact that the Federal Reserve has bailed out Wall Street to the tune of $27 trillion since the crash of 2008-9. They concluded, appropriately, with […]
Hamilton on Debt: Turn It into Capital!
by Nancy Spannaus June 15, 2019–In their June 12 column in Wall Street on Parade, Pam and Russ Martens reviewed the scandal of the century—the fact that the Federal Reserve has bailed out Wall Street to the tune of $27 trillion since the crash of 2008-9. They concluded, appropriately, with […]