By Nancy Spannaus Aug. 7, 2019—On August 7, 1789 Congress approved legislation for the first public infrastructure project in the just-born United States—our lighthouses! The legislation created the U.S. Light House Establishment, and it mandated that state lighthouses be turned over to the Federal government, which was charged with managing […]
July 6, 2019—As of July 1, 12 states raised their gasoline taxes, in a concerted effort to get the revenue to deal with their collapsing bridges and highways. The actions follow a pattern from recent years, over which time the Federal share of contributions to building and maintaining the nation’s […]
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 Nancy Spannaus March 9, 2019—The March 6 House Ways and Means Committee hearing on transportation infrastructure put the crucial problem which is blocking vitally-needed action on this topic, squarely on the table: the lack of understanding of the Hamiltonian principle of credit. From Representative Peter DeFazio, Chairman of the […]
Feb. 18, 2019—The need for a National Infrastructure Bank (NIB), built along Hamiltonian principles, has come sharply to the fore in the current debate/uproar over the fate of California’s plans for a high-speed rail connection between Los Angeles and San Francisco. Establish a national bank with long-term, low-interest credit, capitalized […]
Feb. 5, 2019—On Feb. 4, a group of Arizona legislators, led by State Senator Juan Mendez, joined the national movement to get Congress to reimpose Glass-Steagall and establish a Hamiltonian National Infrastructure Bank. SM1001, a “Memorial urging Congress to reinstate portions of the Glass-Steagall Act and to support national banking […]
Feb. 2, 2019—Rep. Peter DeFazio (D-Or), Chairman of the House Transportation and Infrastructure Committee, will convene his first hearing on the nation’s infrastructure needs on Thursday, Feb. 7. According to the announcement on the Committee’s site, the hearing is entitled “The Cost of Doing Nothing: Why Investing in Our Nation’s […]
The full National Infrastructure Bank proposal can be found here.
The Need for Hamiltonian Banking Today contrasts his banking principles with those of Wall Street.
Aug. 13, 2019—A group of citizens representing an ad hoc coalition for a National Infrastructure Bank went to Capitol Hill during the last week of August, to lobby for the enactment of a National Infrastructure Bank (NIB). The more than a dozen citizens included activists from Ohio, South Carolina, Virginia, […]
“A thoughtful, well-written argument for Alexander Hamilton’s financial system as a guard against tyranny.” — Kirkus Reviews by Nancy Spannaus Aug. 8, 2019–The opening quote is the conclusion of the Kirkus review of Hamilton Versus Wall Street, which was released this evening, and is now posted on their website. Kirkus […]
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. […]