Oct. 18, 2018—To the chagrin of the international financial institutions, the FDR tradition is showing itself to be alive and well in Italy. Most upsetting to the powers-that-be has been the Italian government’s determination to break the EU’s budget austerity rules, in the interest of fulfilling some of its promises […]
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 Stuart Rosenblatt May 30, 2018–Over the past year, a new initiative to guarantee a job to anybody who wants or needs one has been making its way through progressive Democratic Party circles, and provoking a debate on what a competent jobs program should be. Sen. Cory Booker’s (D-NJ) bill, […]
By Nancy Spannaus The following discussion of FDR’s 100 Days was written in May of 2013, and has been slightly edited for republication. FDR’s New Deal moved to reverse more than 30 years of subversion of the American System of economics, and restore the principles enshrined in the Preamble of […]
March 20, 2018–Franklin Roosevelt’s New Deal model is still relevant today, Rep. Marcy Kaptur recognizes with her 21st Century Civilian Conservation Corps Act (H.R. 2206). Read about a part of that model below. March 18, 1933 began the second phase of FDR’s “Hundred Days” program, the one devoted explicitly to […]
By Angela Vullo March 4, 2018–When parents and grandparents are attending nonstop funerals for their children and grandchildren, something in our society has gone awry. As Shakespeare put it, “The time is out of joint.” It reflects some major dislocation in our country, and it’s time we got to […]
By Stuart Rosenblatt Nov. 18, 2017–The following report is a brief summary of potential transformative outputs of a National Infrastructure Bank (NIB), as outlined in a Draft Bill for such a bank now circulating on Capitol Hill. This report compares the results projected from similar outlines of infrastructure projects produced […]
Nov. 8, 2017—Despite the significant measures which President Roosevelt had taken during his first six months in office, he was well aware that it was not enough to prevent horrible privation during the upcoming winter months. So, on Nov. 8, 1933 President Roosevelt signed the Executive Order establishing the Civil […]
Aug. 13, 2019—A group of citizens representing an ad hoc coalition for a National Infrastructure Bank went to Capitol Hill during the last week of August, to lobby for the enactment of a National Infrastructure Bank (NIB). The more than a dozen citizens included activists from Ohio, South Carolina, Virginia, […]
“A thoughtful, well-written argument for Alexander Hamilton’s financial system as a guard against tyranny.” — Kirkus Reviews by Nancy Spannaus Aug. 8, 2019–The opening quote is the conclusion of the Kirkus review of Hamilton Versus Wall Street, which was released this evening, and is now posted on their website. Kirkus […]
Vital Lessons from the WWII Economic Mobilization
Sept. 11, 2018—In this final section of Stuart Rosenblatt’s Lessons from the WWII Economic Mobilization, he presents three key conclusions from his indepth study of the 1939-1944 period. First, he discusses the components of the dramatic rise in Total Factor Productivity. Second, he recapitulates the means of financing the mobilization. […]