By John Ascher Jan. 6, 2018–A group of Progressive Democrats this past week challenged Speaker Nancy Pelosi and the Democratic establishment on one issue which counts: their decision to reassert the House version of PAYGO. (Pay-as-you-go.) They lost the challenge, but have raised an important debate. The Progressives were […]
Answering questions about how a National Infrastructure Bank would function
By Alphecca Muttardy, Macroeconomist Last Updated 11/27/18 This Brief makes the case that National Infrastructure Banks (NIBs) have historically proven to be superior to Public-Private Partnerships in building American infrastructure. There have been four major National Infrastructure Banks/Systems in our nation’s history,[1] starting with the First Bank of the United […]
See how America can rebuild its collapsing infrastructure, on the vast scale required, founded upon historic precedents, and the bank will not create new debt!
Nov. 3, 2018–Once the separation between commercial banking and speculation has been re-established, the problem of a supply of cheap, long-term credit for the physical economy is easily solvable. Given the enormous needs for infrastructure building and rebuilding, this will require Federal credit and Federal credit guarantees. There are various means by […]
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 […]
Aug. 27, 2018–While Central Banks exist in many other countries, the United States is unique in its successful development of national banking. The purpose of National Banks, developed even before the ratification of the U.S. Constitution, was to marshal the financial resources of the young nation and direct them into […]
By Nancy Spannaus May 12, 2018—On April 23, 1834, a meeting of the “People of Mifflin County, Pa.” adopted the following resolution, which it sent on to the Congress of the United States: Resolved. . . . That the unwise and unlawful removal of the public deposits from the Bank […]
By Nancy Spannaus April 5, 2018–National banking in the United States built us into an industrial giant. It derives specifically from Alexander Hamilton’s concept of the First Bank of the United States, a partially government-owned credit institution devised to unify and build the young nation. The fact that most Americans […]
The full National Infrastructure Bank proposal can be found here.
By Nancy Spannaus New York City, Jan. 12, 2019—The Alexander Hamilton birthday celebrations in New York City this year featured a fascinating lecture by Dr. Kate Elizabeth Brown, author of the recent book Alexander Hamilton and the Development of American Law. Brown addressed an audience of 60 plus Hamiltonians at […]
Hamilton’s Report on Manufactures: More Relevant Than Ever
By Nancy Spannaus Dec. 5, 2018—Today’s anniversary of Alexander Hamilton’s most important report, the Report on Manufactures, comes at a particularly ironic time in our country’s history. On the one hand, the last year has seen a relative increase in real manufacturing jobs (allegedly the most since the mid-1990s), and […]