We would like to express our heartfelt thanks to Arizona Legislators: Senator Andrea Dalessandro and Representatives Rosanna Gabaldon, Dave Bradley, Katy Hobbs, Anna Tovar, Chad Campbell, Ed Ableser, Sally Ann Gonzales, Catherine Miranda, Macario Saldate, and Victoria Steele for cosponsoring SB1245 “Stateowned bank task force” in the Arizona State Legislature on Jan. 28, 2014. The…
Public Banks are … • Viable solutions to the present economic crises in US states. • Counter-cyclical, meaning they are capable of reducing the negative impact of recessions, because they can make money available for local governments and businesses precisely when private banks decrease lending. • Potentially available to any-sized government or community able to meet…
There are many misperceptions about public banking. In this blog post is from the Public Banking Institute’s (PBI) website, PBI answers. When grouped together these misperceptions may be summarized as follows: 1) Public banking is riskier than the current system. In fact, the opposite is true. The only thing that saved the private banking system from…
Summary: Instead of theorizing about possible advantages we want to present a concrete example. It is from the almost 100 years of consistently successful performance of the public Bank of North Dakota. Briefly, from this we can conclude that a public bank can: Create new jobs and spur economic growth Generate new revenues for states…
Following the Wall Street crash and the housing market collapse a few years ago, the Move Your Money campaign encouraged millions of Americans to take their money out of big commercial banks and hold the funds locally in credit unions and community banks. Is it time for state governments to move their money? Across the…
Arizonans for a New Economy 