It took Arizona three months to reach 20,000 cases of COVID19. After Governor Dour Ducey opened up the economy in early May, it took only three weeks to add another 20,000 cases. Arizona now has the WORST outbreak of COVID19 in the nation. In addition to our state’s disregard for solid public health policies, such…
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…
This week in New Hampshire, our Public Banking Institute colleagues are participating in the Bretton Woods IV Convocation on financial reform. There are four cornerstones to the conference: public banking, the North Country Resolution, local currencies, and Concordian economics. Here are some snippets from the conference website. I am blown away by the comprehensive and…
The US Congress could consider allowing fast track authority for the Trans-Pacific Partnership (TPP) in the near future. Read this timely piece in Counter Punch by Ellen Brown, prolific author, public banking guru and founder of the Public Banking Institute. “The politicians are put there to give you the idea that you have freedom of…
Public banking has come to the attention of the Wall Street Journal. Although the Journal wants to credit North Dakota’s economic success to fracking, we know that that state had a strong economy long before it discovered shale oil. Ellen Brown, founder of the Public Banking Institute (PBI), wrote a great analysis of the WSJ’s…
On Sept. 26-27, Santa Fe, NM hosted a regional public banking symposium. The bulk of the activities and workshops were on Saturday. The meeting was streamed live. Check out the Banking on New Mexico website here for links to the videos and more information about public banking in New Mexico.
Add Santa Fe, New Mexico to the growing list of cities and states that are considering the establishment of a public bank. Earlier this summer, Santa Fe Mayor Javier Gonzales called for a public banking feasibility study. From the Santa Fe New Mexican… Mayor Javier Gonzales wants to study the feasibility of creating a…
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…
Arizonans for a New Economy 