By Nancy Spannaus June 25, 2021—As the Whig Party geared up for the presidential elections of 1840, the United States was mired in a deep depression. While that depression had been brought on by the Jackson Administration’s dismantling of the Second Bank of the United States, there was not broad […]
How the Fed was foisted on the U.S. by Europe’s Central Bankers America’s Bank, The Epic Struggle To Create the Federal Reserve Roger Lowenstein, Penguin Books, New York, NY. 2015. A review by Stuart Rosenblatt April 5, 2019 Despite the fact that America’s Bank, the story of the founding of […]
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 […]
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 […]
The Need for Hamiltonian Banking Today contrasts his banking principles with those of Wall Street.
(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 […]
Aug. 11, 2018–At a meeting July 29, the Northern Virginia chapter of Our Revolution passed a resolution endorsing a new National Bank for Industry and Infrastructure. The resolution text reads as follows: Whereas, The American Society of Civil Engineers has reported that the United States needs a minimum of $4.6 trillion […]
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 […]
Sept. 26, 2021—While Congress continues deadlocked in a battle over inadequate infrastructure spending bills, support is growing for establishing a Hamiltonian Infrastructure Bank. A campaign by local officials determined to meet the full needs of the nation is spreading across the country. The focus of their efforts is H.R. 3339 […]
By Nancy Spannaus Aug. 27, 2021—Come September, I will be teaching two classes at local colleges on “Why American Slavery Persisted.” They will be offered, for a fee, at both the Institute for Learning in Retirement at Frederick Community College in Maryland, and the Lifelong Learning Program at Shepherd University […]
America’s 1820’s Infrastructure Boom
Part 2 of Funding Infrastructure the American System Way. Part 1 can be found here . By Nancy Spannaus March 15, 2021–Anyone looking seriously at how to fund a comprehensive infrastructure plan for the United States must take an in-depth look at America’s 1820’s infrastructure boom. In the period between […]