By Nancy Spannaus May 15, 2019—On May 8, the House Transportation and Infrastructure Committee, under Chairman Peter DeFazio, took a baby step toward increasing Federal spending on vital national infrastructure. It passed out of Committee HR 2440, a bill which would allow the Army Corps of Engineers to utilize the […]
Answering questions about how a National Infrastructure Bank would function
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. […]
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 Aug. 16, 2018–The following is part 5 of a series devoted to “Lessons for a Recovery: The WWII Economic Mobilization.” Click the following titles for the previous parts: Part One , Part Two , Part Three , and Part Four . As the Allies shifted to the […]
By Stuart Rosenblatt The following is part 4 of a series devoted to “Lessons for a Recovery: The WWII Economic Mobilization.” Click the following titles for the previous three parts: Part One, Part Two , and Part Three . July 18, 2018—The evening of December 7, “the day that will […]
The following is part 3 of a series on Lessons for a Recovery: The WWII Economic Mobilization. Part 2 appeared June 19. Part 1 was published May 18. By Stuart Rosenblatt Thanks to the foresight and efforts of President Roosevelt, Jesse Jones, and others, the United States was already in a […]
May 18, 2018–The following article kicks off a series documenting the extraordinary qualitative leap in American economic productivity during the World War II mobilization. Part One: FDR and Jesse Jones Prepare the Way By Stuart Rosenblatt The United States finds itself hopelessly mired in an economic crisis of its own […]
Book Review by John Ascher Nothing to Fear: FDR’s Inner Circle and the Hundred Days that Created Modern America, Adam Cohen Penguin Press, 2009, 372 pp. April 21, 2018–Outstanding amongst the more recent portrayals of President Franklin Roosevelt’s “100 Days” is the account in Nothing to Fear, the […]
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 […]
A Response to Rep. DeFazio on Infrastructure Banks
By Alphecca Muttardy, macro-economist March 31, 2019–In his written and spoken testimony before the House Ways and Means Committee on March 6, Rep. Peter DeFazio, Chairman of the House Transportation Committee, correctly described what would happen to our economy if our nation’s critical infrastructure needs are not addressed. Citing the […]