2. Hamiltonian National Banking System
The reinstatement of Glass-Steagall must be immediately followed by a “return to a system of top-down, and thoroughly defined as National Banking,” as originally defined by Alexander Hamilton. As the nation’s first treasury secretary Hamilton successfully oversaw the creation of a national bank, and its use to issue the credit needed for the development of the nation. This basic principle has been at the heart of all periods of major development and growth of the United States, including under John Quincy Adams and Abraham Lincoln (and was echoed in the policies of Franklin Roosevelt and John Kennedy), and must be revived today.
Background: LaRouche’s December 21, 2012 Webcast Keynote
· “No to the Green Policy; Revive Our Credit System”
Background: Alexander Hamilton's original four reports to Congress on economy
· "On Public Credit, 1790"
· "On a National Bank, 1790"
· "On the Constitutionality of a National Bank, 1791"
· "On the Subject of Manufactures, 1791"
Background: History of the United States’ fight for a Hamiltonian system
· “Manhattan’s Struggle for Human Freedom Against the Slave Power of Virginia”
· “Overturning the Myth of Andrew Jackson”
· “States’ Rights, the British Empire, & The 'Greenback' Credit Policy”
· “Why Roosevelt’s Explosive 1933-45 Recovery Worked” Part 1, Part 2, Part 3
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