Latest Posts

An anti-austerity demonstration in Italy in 2012.

Italian Government Prompts Showdown over EU Austerity Demands

By Andrew Spannaus Nov. 8, 2018–The Italian government of Giuseppe Conte, whose EU-critical policies are driven by the leaders of the two coalition partners, and Deputy Prime Ministers, Luigi Di Maio of the Five Star Movement (M5S) and Matteo Salvini of the League, has decided to openly challenge EU budget […]

by November 9, 2018 Commentary, News
Rep. DeFazio in his campaign photo.

A New Opportunity for a National Infrastructure Agenda?

By Nancy Spannaus Nov. 7, 2018—One thing is definitive about the results of the U.S. mid-term elections: Neither political party put a solution to the country’s economic and financial disaster on the national agenda.  That doesn’t mean that many of the new Democratic members of Congress don’t have a strong […]

by November 8, 2018 Infrastructure, News
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

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 November 3, 2018 Features, Infrastructure Bank
An infrastructure bank can fund the high-speed rail we need. Above, a Chinese high-speed train.

A National Infrastructure Bank to Fund Infrastructure in Virginia

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 […]

by November 3, 2018 Commentary, Infrastructure Bank
New York Stock exchange

The Fed Stokes “Bancomania”

by Nancy Spannaus Nov. 1, 2018—It should be no surprise that at its Oct. 31 (Halloween) meeting, the Federal Reserve decided to loosen regulations not only for the banks with a $250 billion net worth, but also for those with assets up to the $700 billion level. This decision reflects […]

by November 1, 2018 News
Fed Chairman Jerome Powell at his swearing-in (federalreserve.gov)

Will the Fed Deregulate Us Into a New Major Crisis?

October 30, 2018—Tomorrow, according to an Oct. 29 report in the American Banker, the Federal Reserve Board of Governors is expected to take up the matter of implementing S. 2155, the major banking deregulation bill that was passed in the spring of this year. “Specifically, the Fed will unveil details […]

by October 30, 2018 News
The British surrender at Yorktown.

Victory at Yorktown: A Hamiltonian Perspective

By Nancy Spannaus Oct. 19, 2018—Today we patriots of the United States properly celebrate the decisive victory of American forces over the British at Yorktown, a victory which “turned the world upside”  with the British surrender on Oct. 19, 1781. Although the war continued for another year and a half, […]

by October 19, 2018 Commentary
High-tech manufacturing in action. (DOD report)

DOD Manufacturing Report: American System Needed!

By Nancy Spannaus Oct. 17, 2018—After more than one year of study, a Defense Department task force set up by President Trump released a 139-page report  on Oct. 5 entitled “Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States.” Not surprisingly, it […]

by October 17, 2018 Commentary, News
This Hudson River Tunnel is more than 100 years old.

New York-New Jersey Leaders: Gateway Must Be Built!

by Nancy Spannaus Oct. 9, 2018—On September 4, dozens of elected officials, and leaders from the labor and business community in New Jersey held a press conference in Secaucus to demand that action be taken now to unblock federal funding for the Gateway Project that would replace the antiquated bridge […]

by October 9, 2018 Commentary, News
16th December 1773:  Dressed as Native Americans, a group of Bostonians board a British ship laden with imported tea and throw the full crates into the harbour. This protest against British taxation on tea imports brought the country one step closer to the American War of Independence.  (Photo by Edward Gooch/Edward Gooch/Getty Images)

The 1770 Indian Famine and the American Revolution

Oct. 5, 2018–The following is a guest article, originally published under the title “How Famine in India Sparked the Boston Tea Party and the American Revolution.” It sheds considerable light on what the Founding Fathers and American population at large saw as their possible fate if they did not resist […]

by October 5, 2018 Commentary, History