Commentary

Franklin Roosevelt Addresses the Nation on Banking Crisis in March, 1933

Celebrating FDR’s Hamiltonian Hundred Days

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 […]

by June 13, 2019 Commentary
"Hooverville" in 1930s Seattle, one of the largest in the country.

Tackling the Housing Crisis

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 June 11, 2019 Commentary, History
A view of the Grange. I'm standing there in front.

A Visit to Hamilton’s Grange

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 […]

by June 3, 2019 Commentary, News
Time for a TVA on the Missouri

Time for a TVA on the Missouri

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.  […]

by May 18, 2019 Commentary, Infrastructure
Completion of the Transcontinental Railroad, in 1869 at Promontory Point, Utah.

A Railroad to Bind the Nation

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 May 11, 2019 Commentary, Infrastructure
Hamilton statue outside the U.S. Treasury building

Hamiltonian Banking: The Key to Infrastructure Funding

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 […]

Former Fed Chairman Alan Greenspan

Fixing Responsibility for the 2008 Collapse

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 April 17, 2019 Commentary, Review
John Trumbull's painting of the signing of the Declaration of Independence

An Unhealthy Economy Makes Unhappy Americans

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 April 17, 2019 Commentary
Stephen Knott, i the gentleman with the beard, speaking in Washington, D.C. in 2018.

Debunking Myths About Alexander Hamilton

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 April 15, 2019 Commentary, History
Congressman Peter DeFazio (D-OR) addresses Congress.

A Response to Rep. DeFazio on Infrastructure Banks

By Alphecca Muttardy, macro-economist March 31, 2019–In his written and spoken testimony before the House Ways and Means Committee on March 6, Rep. Peter DeFazio, Chairman of the House Transportation Committee, correctly described what would happen to our economy if our nation’s critical infrastructure needs are not addressed. Citing the […]