Why Is the Fed Paying So Much Interest to Banks?
Apr 1, 2019 Our financial institutions have become dangerously interconnected and vulnerable to sudden runs. Postal banking offers a safe alternative.
This Radical Plan to Fund the ‘Green New Deal’ Just Might Work
Dec 16, 2018 Alexandria Ocasio-Cortez and the 22 representatives behind the effort are proposing to finance it similarly to how FDR funded the New Deal.
California Dreaming: Cannabis Cash, Public Banks—and the State’s Own Mini-Fed?
Jul 3, 2018 Los Angeles voters and California legislators exploring the public bank option may be breaking not just from Wall Street but from the Federal Reserve.
Blackstone, BlackRock or a Public Bank for California’s Money?
May 25, 2018 The state’s stagnant funds could be put to good and much-needed work through a publicly owned bank—instead of being put at high risk through investment in public-private partnerships.
How Public Ownership Could Revive Community Banks
Oct 30, 2017 Establishing public banks can help stop acquisition by megabanks and keep credit flowing in local economies.
Here’s How Infrastructure Costs Can Be Halved
Jan 26, 2017 Americans could save $1 trillion over 10 years by financing infrastructure through publicly owned banks like the one that has long been operating in North Dakota.
The Italian Banking Crisis: No Free Lunch — or Is There?
Dec 22, 2016 The Italian banking crisis that could take down the eurozone has been called “a bigger risk than Brexit." Handwringing officials say there is “no magic bullet,” but a British professor, Richard Werner, says remedies are just being ignored.Public Banks Can Help Cities Honor Their Commitment to Give Sanctuary to Immigrants
Dec 13, 2016 Cities, counties and states, by chartering their own banks, can foster long-term economic stability and build a firewall against the incoming administration's threats of financial blackmail.
‘We’ll Look at Everything’: An Alternative to Trump’s $1 Trillion Infrastructure Plan
Dec 8, 2016 Creating jobs requires an injection of new money into the American economy. Borrowing from the bond markets or off the balance sheet in public/private partnerships won’t do it. So if Congress won’t issue money directly, it should borrow from banks, which create money out of thin air.
Trump’s $1 Trillion Infrastructure Plan: Lincoln Had a Bolder Solution
Nov 17, 2016 Instead of privatizing public assets and delivering taxpayer money to investors, the president-elect could fund his promised infrastructure projects by simply printing money.
