AZ Rep Pushes Public Banking in Legislature

Pamela Powers HannleyThe 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. 

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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. 

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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.

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What If People Owned the Banks?

Santa FeJimmy 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.

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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.

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How the Quakers Put the PUBLIC in Banking

William PennDuring 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.

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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?

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When Deutsche Bank Wobbles, Wall Street Gets Shaky Knees

A report issued by the International Monetary Fund (IMF) called out Deutsche Bank as “the most important net contributor to systemic risks.”

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Oakland Public Bank Feasibility Study Delayed

Some observers perceive foot-dragging and opposition from City Hall.

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Resisting the New Feudalism & The Economics of Happiness

Check out this week's radio show.

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