Infrastructure Bank

American Recovery Resolution Introduced in North Carolina

American Recovery Resolution Introduced in North Carolina

March 7, 2019—Rep. Shelly Willingham (D-Martin) introduced a “joint resolution urging Congress to enact without delay an “American Economic Recovery Program” into the North Carolina State Legislature on Feb. 17. House Joint Resolution 190 has five cosponsors and has been referred to the Banking Committee as the first step. The […]

The fragility of the transit system in the New York-New Jersey area was dramatized when a beam penetrated the roof of  a New Jersey Transit train Sept. 7.

New NAM Report: Action on Infrastructure Now!

By Nancy Spannaus March 1, 2019—The latest report on the U.S. infrastructure disaster by the National Association of Manufacturers (NAM) is a straightforward call for Congress and the President to act now. The “Build to Win” document begins by stating that “in an alarming state of disrepair and in urgent […]

by March 1, 2019 Infrastructure Bank, News
The first Bank of the United States was one of the instruments of public administration.

The Constitutionality of the National Bank

By Nancy Spannaus Feb. 27, 2019—February 25 was the anniversary of a momentous event in American history—George Washington’s signing of the bill establishing the Bank of the United States.  This action was crucial to establishing a government-backed source of national credit and a uniform currency in the United States, and […]

by February 27, 2019 Commentary, Infrastructure Bank
National Infrastructure Bank vs PAYGO

National Infrastructure Bank vs PAYGO

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 […]

by January 6, 2019 Infrastructure Bank, News
Hamilton’s Report on Manufactures: More Relevant Than Ever

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 […]

by December 5, 2018 Commentary, Infrastructure Bank

Updated National Infrastructure Bank Video on Facebook

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!

by November 21, 2018 Infrastructure, Infrastructure Bank
The Minneapolis bridge collapse of 2007--a wake-up call on the state of  U.S. infrastructure.

Draft Legislation to Create a National Bank for Infrastructure

(updated May 13, 2019) 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 […]

by November 3, 2018 Features, Infrastructure Bank
A graphic of total factor productivity in the 20th Century, showing the effects of the FDR banking policy.

A Brief History of the Principle of National Banking in the United States

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 August 27, 2018 Commentary, Infrastructure Bank
The Second National Bank of the United States

Yes, American Citizens Once Demanded a National Bank!

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 May 12, 2018 Commentary, Infrastructure Bank
Alexander Hamilton's statue in Central Park, New York City.

National Banking Built the U.S. Industrial Giant

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 […]

by April 5, 2018 Commentary, Infrastructure Bank