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 […]
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 […]
The following is part 3 of a series on Lessons for a Recovery: The WWII Economic Mobilization. Part 2 appeared June 19. Part 1 was published May 18. By Stuart Rosenblatt Thanks to the foresight and efforts of President Roosevelt, Jesse Jones, and others, the United States was already in a […]
By Nancy Spannaus June 25, 2018—In his Report on the Subject of Manufactures, and elsewhere, American System founder Alexander Hamilton made it clear that the government’s responsibility in this area should be to foster technological advances and adequate supply in the industries crucial to the nation’s national defense and general […]
By Nancy Spannaus June 16, 2019—Today, this blog turns two years old. Over the past two years, we have published 333 posts, ranging from reprints of key historic documents, to in-depth analyses of FDR’s New Deal and war mobilization, to more pithy analyses of current economic developments from the standpoint […]
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 […]
An Appreciation of Hamilton’s Society for Useful Manufactures
(The following was written in celebration of Alexander Hamilton’s 262nd birthday, which occurs on January 11th.) By Nancy Spannaus Jan. 9, 2019—One appropriate way to get to know and appreciate Founding Father Alexander Hamilton’s vision and accomplishments for our nation is to get acquainted with his pioneer project in manufacturing, […]