Post Tagged with: "debt"

American System founder Alexander Hamilton, a new statue at the Coast Guard Academy (Dianne Durante)

How the Founders Overcame Economic Collapse

By Nancy Spannaus April 22, 2020—An op-ed by two economists in the April 12 edition of the Dallas Morning News put forward a message of hope for navigating the current virus-sparked crisis in the United States. “The founders faced economic collapse after the American Revolution. We can learn from their […]

by April 23, 2020 Founders, News
The First Bank of the United States in Philadelphia

Time to Study Hamilton’s National Bank

By Nancy Spannaus … By contributing to enlarge the mass of industrious and commercial enterprise, banks become nurseries of national wealth: a consequence, as satisfactorily verified by experience, as it is clearly deducible in theory. – Report on the National Bank Alexander Hamilton put forward his most controversial proposal — […]

by December 13, 2019 Commentary, History
U.S. Federal Debt as percentage of GDP

Hamilton on Debt: Turn It into Capital!

by Nancy Spannaus June 15, 2019–In their June 12 column in Wall Street on Parade, Pam and Russ Martens reviewed the scandal of the century—the fact that the Federal Reserve has bailed out Wall Street to the tune of $27 trillion since the crash of 2008-9. They concluded, appropriately, with […]

by June 15, 2019 Commentary, News
Ohio Representative Michael J. Skindell

Ohio Legislator Introduces Glass-Steagall Resolution

June 6, 2019—Rep. Michael J. Skindell, a long-time Democratic representative from Ohio’s Cuyahoga County, has introduced a memorial resolution into the Ohio state legislature calling on Congress to pass a new Glass-Steagall law. The substance of House Concurrent Resolution 9 reads as follows: RESOLVED, That we, the members of the […]

by June 6, 2019 News Shorts
Hamilton statue outside the U.S. Treasury building

Hamiltonian Banking: Key to Infrastructure Funding

By Nancy Spannaus May 2, 2019—If Congress and the President are serious about funding a long overdue national infrastructure program, Hamiltonian banking must be the subject of their discussions over the coming weeks. A model proposal for a Hamiltonian National Infrastructure Bank has been proposed by this blog for nearly […]

The opening slide of the National Infrastructure Bank slide show.

D.C. Meeting Discusses National Infrastructure Bank

By Nancy Spannaus Nov. 14, 2018—A group of approximately 25 citizen-leaders gathered in a Washington, D.C. library last night to discuss how to address the question of the nation’s collapsing infrastructure. The lively, almost-unstoppable discussion centered around a slide show presentation on a National Infrastructure Bank (NIB)  proposal, given by […]

by November 14, 2018 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

(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
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
Demonstrating for Federal aid to Puerto Rico on March 20 in Washington, D.C.

Puerto Rico: Cancel Debt, Build Infrastructure

By Angela Vullo March 22, 2018–On March 20, Congresswoman Nydia Velasquez (D-NY) hosted a discussion on the subject of “Puerto Rico, Six Months after Hurricane Maria.”  The event provided an opportunity for small businesses and NGOS on the ground to talk about relief work immediately after the Hurricane. What became […]

by March 22, 2018 News
The Watts Bar dam on the Tennessee River, built from 1939 to 1942, provided urgently needed electricity for the World War II effort. (TVA.org)

News Shorts, Feb. 26-March 4, 2018

Democratic and Republican Lawmakers Blast Proposal to Sell Off Parts of TVA Feb. 25, 2018—The Trump budget proposal for selling off the transmission lines of the Tennessee Valley Authority (TVA) came under immediate attack from both Democrats and Republicans. Senator Lamar Alexander, Republican of Tennessee, called it a “looney idea.” […]

by February 26, 2018 News Shorts