Wall Street and Domestic Violence

October, which is Domestic Violence Awareness Month, is coming to a close. October also contains the anniversary of the 1929 Stock Market Crash. The macro-economy is related to personal relationships—and interpersonal violence—in the same way that the condition of the oceans as a whole is a factor in the dispositions of fish in the waters. 

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Community Banks Reinventing Themselves--But Can They Survive?

The Institute for Local Self-Reliance reports that two members of Seacoast Local, "a local economies non-profit that works in eastern New Hampshire and southern Maine," have developed an application that will point investors and savers in the direction of socially responsible and sustainable banks.

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COMERS v. Bank of Canada: Canadians Still Fighting to Restore their National Public Bank

A few days ago, on October 14, the Canadian Court of Appeals heard another attempt from the Crown (representing the Bank of Canada) to dismiss a case against it--a case that argues the Bank has retreated from its mandate to operate as a public bank. The Canadian government is now repeating arguments it has already made concerning justiciability, and is throwing in some other procedural objections. The plaintiffs are confident that this will be the last round of procedural appeals, and that the case will actually go to trial.

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New Hampshire Event to ask: Where's Our Money?

Have you ever wondered why municipalities have no money (while money supply is unlimited for big banks), why there is such income inequality, why NH college students have such massive debt or why your business can’t get a loan?  An early December conference will solve these mysteries of where our money is, who has it, and how we can get it back to put it to work for all the people of New Hampshire.

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B of A Bailing on Small Towns

The Boston Globe's Beth Healy reports that Bank of America has initiated a series of cutbacks among small municipal clients, giving them relatively short notice to move on and find another bank to handle their public finances. 

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Blaming Victims While Gambling Our Money: Economics in a World without Compassion

In truth, poverty is an anomaly to rich people. It is very difficult to make out why people who want dinner do not ring the bell.
~Walter Bagehot, The Waverley Novels (1858)

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Why We Don't Understand Money and Debt--And Why It's Important that We Do

Most Americans do not understand the most elementary basics of money and debt at the national level. It is widely held by the great majority that the United States government is running out of money and is about to be strangled by debt. This is not at all surprising since we are bombarded with this information by senior public officials, Congressional leaders, the President and all of the mainstream media. This is not to suggest, however, that most of those spreading this misinformation are just as confused and misled as are the rest of us. It is easily the most persistent and destructive myth of our age. The biggest error people make is comparing the federal budget to a household budget – they are not at all similar in construction or operation.

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Citizens Call for New Hampshire Public Bank

Activists all over the country continue to press for public banks. The following is an announcement from the New Hampshire for a series of events in support of NH House Bill 672. 

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What Corbyn's Critics Miss

“The Stoical scheme of supplying our wants by lopping off our desires, is like cutting off our feet when we want shoes.” ~Jonathan Swift

New Labour leader Jeremy Corbyn won his post with overwhelming, almost unprecedented support from Labour members, indicating a preference for a new approach--even if its herald was considered a veteran of old-school radical Labour. All of Britain’s leading parties had agreed on the basic question of austerity, differing only on the speed and scope at which it was to be implemented. Britain is tired of that--particularly young people. In place of that austerity, Corbyn’s team promises not just wider distribution of existing wealth, but a new economy, based in part on ideas frequently discussed among my colleagues, particularly public banking, worker control, and “quantitative easing for the people,” the repurchasing of debt and investment in economic institutions and entities that can provide wealth and public goods directly to people, rather than trickling it down through trickle-proof banks.

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Santa Fe Rolls Out New Public Banking Campaign

September 13th BankingOnNewMexico rolled out a new Public Banking campaign at the Fiesta Desfile de la Gente (Historical / Hysterical parade). Fiestas have been celebrated in Santa Fe for 301 years.

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