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 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 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 […]
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!
(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 […]
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 […]
By Nancy Spannaus Dec. 12, 2017—Ask any professional economist, or Congressman for that matter, about why the United States is facing a hundreds of billions of dollars deficit in basic infrastructure, and he will tell you that we “don’t have the money.” But how could that be true? Trillions of […]
By Nancy Spannaus July 21, 2021—Over the last few months, legislators in five states have passed Memorials to Congress urging the passage of a $5 trillion National Infrastructure Bank (NIB), as outlined in the current House Bill 3339. Both houses in Maine, Nevada, and Rhode Island have endorsed such legislation, […]
By Nancy Spannaus July 18, 2021—I’m pleased to announce the posting of two new videos on the You Tube channel of AmericanSystemNow, both devoted to setting out the American System principles which have been buried or vilified for so long. The first is a three-minute ad, suitable for circulating widely […]
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 […]