The Bank of North Dakota (BND), the only public bank in the US, celebrated 100 years of economic liberty from Wall Street banks this week. BND was created in 1919 by the grassroots efforts of the Nonpartisan League. Back in the early 1900s in the Gilded Age, railroads and banks were controlled by wealthy east…
In a recent article in TruthDig, author and Public Banking Institute Board Chair Ellen Brown says that progressive policies are affordable with public banking. China and Japan are cleaning our clocks by building their infrastructure with public banking. What are we waiting for? Progressives can have their policies and pay for them too
As we travel around Arizona and present our public banking dog and pony show, we have been gathering data and supporter names for our website and for our email list. What have we learned from our supporters? People understand the need for low-cost loans, they want to build our public education system, and they don’t…
Many would agree that Arizona’s post-crash recovery has been lagging behind the rest of the country. The lingering question is: What do we do about it?. Arizonans for a New Economy believes that creation of a state bank would go a long way toward making Arizona financially healthy again. Across the country, states and cities have billions of dollars…
Large national banks invest their funds in the stock market on Wall Street, not Main Street. These commercial banks hold and manage funds for the vast majority of cities, counties, and states in the US and charge us fees for managing our taxpayer funds. They invest taxpayer funds in stocks and bonds for the benefit…
It’s not surprising after 20+ years of trickle down economics, corporate welfare, and an over-reliance on housing construction that Arizona has one of the worst performing economies in terms of job growth and employment opportunities. Is it time for a change? An Arizona public bank could do wonders for the state’s economy because a state…
Originally posted on Tucson Progressive:
Tucson is one of the most impoverished cities in the country—for many reasons. The Arizona Legislature—driven by the American Legislative Exchange Council (ALEC) and short-sighted, “small government” ideology—has routinely swept funds earmarked for counties and cities to “balance” the state’s budget or fund pet projects like lower corporate taxes. Beyond…
News from the prestigious Gallup Economy website shows North Dakota at 40 on the index with the next highest state showing an index of only 30. North Dakota Leads in Job Creation for Fifth Straight Year From Gallop Economy… North Dakota has ranked No. 1 among U.S. states for job creation in each of the…
Arizonans for a New Economy 