Commentary

The Tom Thumb, the B&O Railroads premier engine. Rail was an industry Mathew Carey promoted.

Mathew Carey Revived Hamiltonian Economics

By Nancy Spannaus June 19, 2019—The seminal role of Mathew Carey (1760-1839) in promoting and advancing the American System of political economy is a long and important story, mostly obscured in the United States. In this post, I concentrate on re-introducing him, with emphasis on one crucial aspect which is […]

by June 20, 2019 Commentary, History
Statues of the Lincoln-Douglas debate in Alton, Illinois. (Nancy Spannaus)

Remembering Lincoln’s “House Divided” Speech

By Nancy Spannaus June 16, 2019—In my Internet scanning today, I happened to note that it is the anniversary of Abraham Lincoln’s famous “House Divided” speech, which was given at the Illinois State Republican Convention in 1858. This was the convention which nominated Lincoln to run against Stephen Douglass for […]

by June 17, 2019 Commentary, History
U.S. Federal Debt as percentage of GDP

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 […]

by June 15, 2019 Commentary, News
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: 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