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 […]
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 […]
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 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 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 Nancy Spannaus Jan. 10, 2018—One test of an individual’s genius is the enduring quality and validity of his or her ideas, lasting from one generation to the next. A Leonardo, a Beethoven, an Einstein—to cite just a few examples—produced insights and beauty which have borne fruit, and inspired many […]
By Nancy Spannaus December 23, 2017—One of the most egregious aspects of the recently passed stop-gap Federal spending bill is its treatment of those whose lives have been brought to ruin by the recent hurricanes and wildfires. After having increased the proposed new appropriation for additional disaster relief to Florida, […]
The full National Infrastructure Bank proposal can be found here.
By Nancy Spannaus New York City, Jan. 12, 2019—The Alexander Hamilton birthday celebrations in New York City this year featured a fascinating lecture by Dr. Kate Elizabeth Brown, author of the recent book Alexander Hamilton and the Development of American Law. Brown addressed an audience of 60 plus Hamiltonians at […]
The Need for Hamiltonian National Banking Today
The Need for Hamiltonian Banking Today contrasts his banking principles with those of Wall Street.