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 […]
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 […]
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* Oct. 14, 2020—The Oct. 2 release of Arthur Wilmarth’s new book calling for a new Glass-Steagall law is timely, and critical. Unfortunately, it is not clear that the relevant political figures are yet prepared to listen. Wilmarth’s book is entitled Taming the Megabanks: Why We Need a […]
September 19, 2020–I am pleased to announce that on September 23, I will challenge the myths about Alexander Hamilton in a lecture sponsored by the Treasury Historical Association (THA). My talk, addressed to the Treasury group via internet platform, will be based on my 2019 book Hamilton Versus Wall Street: […]
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 […]