America went from candles and the horse and buggy to telephones, cars and airplanes, in one lifetime. Bob Ingraham shows how tariffs and Hamiltonian credit did it, and why the same tools, back in play today, can do it again.
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From steel mills to shipyards to spaceports, Mike Steger explores Trump’s “Freedom’s Forge 2.0”—a vision to rebuild American industry, revive the West, and relight the torch of progress.
America went from candles and the horse and buggy to telephones, cars and airplanes, in one lifetime. Bob Ingraham shows how tariffs and Hamiltonian credit did it, and why the same tools, back in play today, can do it again.
Every week, Promethean Action holds a Saturday Class — a deep dive into the ideas, history, and strategic thinking that the mainstream won’t touch.
We’d love for you to join us live. Sign up here and we’ll send you class details every week.
In this week's Saturday Class, Bob Ingraham, with host Tony Papert, took viewers from 1863 to 1901. In one lifetime, America went from the horse and buggy to the automobile to the airplane.
This is not nostalgia. It is a lesson, and it poses the question Bob opened with: what now?
The median American family earns about $78,000, which means half the country makes that or less. For most, life is a daily battle to keep their heads above water, so they think small about the economy.
Can gas come down 10 or 20 percent? Behind that question sits a quiet resignation that only small gains are possible.
Part of that is generational, because the productive trend has run downward for 50 years.
If you're 60 years old or younger than that, you have never lived in a productive economy.
— Bob Ingraham
If you're under 40, you have only known decline. You may have read about the American System, but you have never lived it.
Here is what an unleashed economy did, from Lincoln to McKinley:
The people who did it were young. Edison got his first patent at 22, and Orville Wright made his first test flight at 27.
Life got longer, too. Life expectancy rose from 39 in 1860 to 47 by 1900, a 20% jump after centuries of near-stagnation.
Picture a child born in 1860. Any trip over five miles is arduous, and light comes from candles or oil lamps. By 1905, at 45, that same person is talking on the telephone, riding in automobiles and watching airplanes fly.
That is the power of the American system of economics, the power of it to transform human life for the better in a much shorter period of time than the majority of people think is possible.
— Bob Ingraham
First came protection. Except under Grover Cleveland, tariffs never went below 45% in the entire era.
Second came credit. Lincoln's Greenbacks capitalized a new national banking system, which Lincoln called his administration's greatest accomplishment. Together, protection and credit formed a Hamiltonian credit system.
Bob says that power is available again. "We have not had a presidency like Donald Trump in our lifetime," he said.
Two offices carry the credit: the Office of Strategic Capital at the Department of War, and the Office of Energy Dominance Financing at the Department of Energy. Through them, hundreds of billions in federal loan guarantees flow into frontier energy, science and technology. This is credit, not giveaways.
Bob compares it to FDR's Reconstruction Finance Corporation. Its loans built Henry Kaiser's dams and shipyards, and they were paid back with interest, so the government made a profit.
One loan alone, about $18 billion, backs 10 new Westinghouse nuclear reactors.
And this week, Peter Navarro posted an interactive White House map tracking 523 projects worth $382 billion. Every one has launched since the President's inauguration, less than two years ago.
Bob calls this just the beginning. Space, superintelligence, a nuclear renaissance leading to fusion, and advanced robotics will together go far beyond what the 1880s and '90s achieved. And then there is the next young inventor.
But what about the next 24-year-old, the next 26-year-old, the next 28-year-old? What are they gonna discover? What are they gonna invent?
— Bob Ingraham
That makes November a call to arms. If the Democrats regain control, Bob warned, they will try to stop all of it dead in its tracks.
The full class has much more. Patents for new inventions jump from 4,400 in 1855 to 54,000 in 1905, steel falls from $200 to $30 a ton, and a Tennessee farmer ranks electricity right behind the love of God.
Watch the full class on YouTube, then send it to someone who thinks only small change is possible.
—Promethean Action Editorial Staff
PS: Want to go deeper? Subscribe to Bob's Substack. Yearly and founding paid subscribers get one of his 12 books free.
Why “super” and not “artificial”? Brian Lantz shows SI at work in an Arizona copper mine, aimed at a nuclear-powered Moon, and in service of new forms of human creativity. Watch the full class.
Two conductors. One score. Two opposite ideas of man. This week's Class puts Furtwängler against Toscanini — and tonal against atonal. The fight over your ear is the fight for your children's future.
Bob takes on the slanders against Alexander Hamilton and the British-finance axioms most Americans still carry — and why Hamilton's bank is not the Fed.
Bruce Director digs into your comments from the Aug 29 class: why the British System is inherently entropic, why no equation can predict a creative discovery, and how frontier science backs the American System’s idea of man.
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