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In 1933, President Franklin Roosevelt signed the Glass-Steagall Act. By then, the nation was mired within the depths of the great Depression, and practically 5,000 banks had failed. Companies and other people lost cash. People lost jobs. The nation was in crisis. Glass-Steagall was designed to stop one other crash sooner or later. Among other things, it barred industrial banks from getting into the funding business. It raised boundaries between commercial banks, securities firms and insurance firms.

Mandatory Service Does not imply MightGropman’s view that America is healthier off with an all-volunteer army is one shared by many teachers and military leaders. In their view America’s all-volunteer drive is vastly superior to any conscripted military on this planet. Perhaps that’s the reason the Joint Chiefs of Workers have never really helpful reviving the draft.