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…
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
In June, we had the honor of being in Princeton, New Jersey on the night Phil Murphy won the Democratic Party Primary for governor. Tea-Party-Tax-Cut-King Governor Chris Christie is termed out, so this is an open seat. Many Legislators across the country– including Tucson’s LD9 Rep. Pamela Powers Hannley– have campaigned and won on a…
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,…
When Arizonans for a New Economy gives talks about public banking and the Bank of North Dakota, invariably someone in the audience claims that North Dakota is prosperous because of the oil boom. We politely point out that the oil boom started in 2010 and that the Bank of North Dakota was profitable for before…
In the name of economic development, Rio Nuevo and Pima County are poised to dole out $70 million in corporate welfare to two big corporations– $50 million to Caterpillar and $20 million to World View. Ironically, one day before the Rio Nuevo Board announced the multi-million-dollar Caterpillar package for Tucson, I posted this article on…
For the second year in a row, Southern Arizona Senator Andrea Dalessandro’s task force bill to study creation of a state-owned passed the Arizona Senate’s Financial Institutions Committee. This year’s bipartisan vote was 6-1 with only Senator Gail Griffin, also from Southern Arizona, voting no. In the highly polarized Legislature where many bills sponsored by…
Here is a great article by Mike Kraus, one of the founding members of the Public Banking Institute and Chair of Pennsylvania’s Public Banking Project. This was originally published in the Bucks County Courier Times. By Mike Krauss Across the United States, states and municipal governments struggle to provide essential public services, such as schools,…
UPDATE: In front of a packed hearing room, the City of Philadelphia’s City Council voted unanimously to begin public hearings on creation of a local pubic bank. Public banking proposals are popping up all over the country. The Cities of Santa Fe and Philadelphia have had recent breakthroughs. In Tucson, Mayor Johnathan Rothschild’s recent newsletter…
Arizonans for a New Economy 