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Public Banks’ Support to Households and Firms
Image by mohamed Hassan from Pixabay By Paulo Medas and Elif Ture, International Monetary Fund, Fiscal Affairs| April 6, 2020 Given the extraordinary circumstances of the Covid-19 pandemic, public banks—if financially sound and sufficiently well-resourced—can...
Another Bank Bailout Under Cover of a Virus
Photo: The American people are therefore entitled to share in the benefits and the profits. Banking needs to be made a public utility. (Twitter/@publicbankla) By Ellen Brown, Common Dreams | May 18, 2020 Insolvent Wall Street banks have been quietly bailed out...
Small Banks Save Small Businesses, So Why Aren’t There More Small Banks?
Photo by Phil Trease / CC BY-NC 2.0 By Oscar Perry Abello, Next City| May 12, 2020 To bolster the local economy and support small businesses, we need institutions that support small banks. Local economy advocate Stacy Mitchell saw reports about how the...
Current Economic Policies Have Capitalism on Life Support: Effective Actions to Rescue It
Photo: Franklin Delano Roosevelt signing the Tennessee Valley Authority Act, part of the New Deal. By Mohamad Shaaf, CounterPunch | May 1, 2020 I. Evolution of Current Economic Depression and Ineffective Policy Responses The current economic depression was...
Crushing the States, Saving the Banks: The Fed’s Generous New Rules
The Fed’s relaxed liquidity rules have made it easier for state and local governments to set up their own publicly-owned banks. (Photo: Phillipp/cc/flickr) By Ellen Brown, Common Dreams | May 3, 2020 New terms could be harnessed for local governments to own...
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Episode: Everyone deserves a public bank
Join those who’ve endorsed a Public Bank for New Mexico
“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”
– Paul Gibson
Retake Our Democracy