Post Tagged with: "National Bank"

Ways and Means Committee chairmen at the March 6 hearing on infrastructure.

Funding Infrastructure: The Principle of Federal Credit

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 March 9, 2019 Infrastructure, News
The first Bank of the United States (Nancy Spannaus)

The Constitutionality of the National Bank

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 […]

by February 27, 2019 Commentary, Infrastructure Bank
The Need for Hamiltonian National Banking Today

The Need for Hamiltonian National Banking Today

The Need for Hamiltonian Banking Today contrasts his banking principles with those of Wall Street.

by December 12, 2018 Commentary, Infrastructure
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
A graphic of total factor productivity in the 20th Century, showing the effects of the FDR banking policy.

A Brief History of the Principle of National Banking in the United States

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 […]

by August 27, 2018 Commentary, Infrastructure Bank
An infrastructure bank can fund the high-speed rail we need. Above, a Chinese high-speed train.

Our Revolution Northern Virginia Endorses National Bank

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 August 11, 2018 News Shorts
The Second National Bank of the United States

Yes, American Citizens Once Demanded a National Bank!

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 […]

by May 12, 2018 Commentary, Infrastructure Bank
Alexander Hamilton's statue in Central Park, New York City.

National Banking Built the U.S. Industrial Giant

By Nancy Spannaus April 5, 2018–National banking in the United States built us into an industrial giant. It derives specifically from Alexander Hamilton’s concept of the First Bank of the United States, a partially government-owned credit institution devised to unify and build the young nation. The fact that most Americans […]

by April 5, 2018 Commentary, Infrastructure Bank
A Government Worth Fighting For

A Government Worth Fighting For

By Nancy Spannaus Feb. 2, 2018–It’s headline news these days that dozens of incumbent Congressmen are retiring for what they say are the rewards of “private life.” What are we to make of this rush to the exits? There is no question but that things are insane and dysfunctional in […]

by February 2, 2018 Commentary
This Minneapolis birdge collapsed in 2007, highlighting the nation's infrastructure disaster.

Trump’s Infrastructure Plan: Where’s the Beef?

  by Nancy Spannaus Jan. 25, 2018—The Jan. 22 leak of an outline of President Trump’s national infrastructure plan, which he says he will announce at his Jan. 30 State of the Union address, has amped up the national discussion on infrastructure funding. On Jan. 24, the President told a […]

by January 26, 2018 Commentary, News