Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too, according to PBI founder Ellen Brown. Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay…
Neighbors Oakland and Richmond, California, are supporting each other as they explore public banking. As public banking initiatives wind their way through the political process in multiple states and cities, we often see a few steps forward followed by a step or two backward. Such is the political process. Despite some recent ups and downs,…
Author and public banking guru Ellen Brown has assumed the position of Chair of the Board of the Public Banking Institute (PBI). Former Chair Walt McCree stepped down on July 4, 2017. Read the announcement from PBI here: Ellen Brown Assumes Chair of PBI. Keep informed on public banking progress by subscribing to PBI’s weekly…
Jimmy Tobias of The Nation offers a comprehensive look at city-based public banking efforts in Oakland, California and Santa Fe, New Mexico. He also provides background on the only public bank in the US—the Bank of North Dakota—and offers solid economic reasons why cities and states should consider establishing a public bank. From Seattle to…
The state of Arizona has been cutting taxes every year for more than 25 years in an attempt to spur economic development. So far trickle down economics hasn’t worked well. Rep. Pamela Powers Hannley introduced HB2532 to establish a feasibility study to collect baseline data regarding the benefits of establishing an Arizona state bank. Powers…
In early June, NJ gubernatorial candidate and public banking supporter Phil Murphy won the Democratic Primary. Is this the beginning of a new era of mainstream acceptance of public banking in American public policy? What does it mean for the movement? Check out this blog post from the Public Banking Institute’s Blog… Last week’s gubernatorial primary resulted…
Arizonans for a New Economy 