Richmond & Oakland Collaborate on Public Banking

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, Oakland public banking advocates are pressing on, and Richmond is helping. Read more

Ellen Brown on Rising Interest Rates & Debt Forgiveness

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. Read more

Bill Moyers Group: A 'Better Way' to Fund Infrastructure

State and local governments struggle with the high cost of building and maintaining infrastructure. Roads and bridges across the country are crumbling as a result.  Read more

AZ Rep Pushes Public Banking in Legislature

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.  Read more

Hawaii Becomes First State to Pass Basic Income

Futurists tell us that there won’t be enough work in the future because technology will replace workers who now do repetitious or low-skilled work. This has prompted Libertarians (who want smaller government) and Progressives (who want to guarantee a social safety net for workers) to look at the idea of basic income.  Read more

Breaking Up [the Banks] Isn’t that Hard to Do

In a “Dear Donald” letter, author Nomi Prins tells President Trump that regardless of where he has “messed up”, he could make a “huge,” “terrific” move in the area of financial reform. How? Bring back the Glass-Steagall Act. Read more

What If People Owned the Banks?

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. Read more

Banking On Our Country

Frank Sanitate’s Opinion piece in the Santa Barbara News-Press was met with strong, public support, including some elected officials. Public Bank advocates are ready to help Santa Barbara County take a deeper look at the Public Banking Solution. Officials are eager to find a realistic way to deal with their budget short-fall. Others are curious about what kind of non-taxed-based revenue a public bank could generate that might be used to pay for crucial public services, and things like affordable housing so that their teachers, law enforcement officers, fire fighters and other key employees can live closer to where they work. Read more

How the Quakers Put the PUBLIC in Banking

During the third week of June, hundreds of southwestern Quakers met for their annual gathering at Ghost Ranch in northern New Mexico. The theme was “About Money: a call to Integrity, Community and Stewardship”. While there, I spoke about Quakers’ history with public banking, and about the explosion in public banking efforts happening across our land. The gentle folk left their week of retreat fired up and ready to advocate for public banking in their own towns, cities and states. Read more

The Meaning of the Murphy Win

PBI Chair Walt McRee and PBI’s NJ State Coordinator Joan Bartl attended a victory party for NJ gubernatorial candidate Phil Murphy in Princeton, NJ last week, celebrating the beginning of a new era of mainstream acceptance of public banking in American public policy.  What does it mean for the movement? Read more

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