Washington, Lincoln and National Banking

Coalition for a National Infrastructure Bank For more information: https://nibcoalition.com Public Banking Institute Founder Ellen Brown and former IMF Senior Economist Alphecca Muttardy led a Presidents’ Day Zoom Event of the Coalition for a National Infrastructure Bank. Coming amidst the escalating disintegration of U.S. bridges, water systems, and power grid, the event highlighted the historic role of national banking which built our infrastructure and industry over the past two and a half centuries. Under President George Washington, Treasury Secretary Alexander Hamilton created the Bank of the United States, which spawned the original “internal improvements” and manufacturing of the young nation. The same policy was replicated by the Second Bank of the United States. The treacherous President Andrew Jackson shut down the Second Bank, setting off rampant financial speculation, crises, and industrial collapse (sound familiar?). National Banking was revived under Lincoln and propelled the United States into the forefront of infrastructure and industrial development world-wide. Telegraphs, Transcontinental Railroads, and modern bridge building all flourished. This policy was revived under President Franklin Roosevelt in the New Deal and WWII mobilization, and then junked over the past seventy years. The results are everywhere. Speakers: ■ Alphecca Muttardy, professional macroeconomist, former Senior Economist, International Monetary Fund ■ Ellen Brown, Founder and Chairman Public Banking Institute ■ Jack Hanna, former Treasurer and Interim Chairman, Pennsylvania Democratic Party ■ Linda Tosti-Lane, Co-Legislative Coordinator for Seattle NOW ■ Rep. Michael Person, Missouri House of Representatives ■ Erika Strassburger, Pittsburgh City Councilwoman ■ Rep. Emily Kinkead, Pennsylvania House of Representatives ■ Dennis Montoya, Immediate Past State Director, New Mexico LULAC ■ Rep. Alan Green, MBA, Missouri House of Representatives (former) ■ Moderator: Robert Lynn, Organizer and Political Director, UA Plumbers and Steamfitters Local 50, Toledo Oh (retired)

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