Seattle's Groundbreaking City Council is Considering Another Groundbreaking Idea: A Public Bank

As a direct result of Wall Street mismanagement and federal complacency, communities have lost the ability to finance local, sustainable growth and public services. This is a direct threat to democracy, because the chief conduit of democracy in American society is the ability of cities and towns to facilitate public participation, health, security, and civic life. 
Seattle is at the forefront of cities taking back democracy. Seattle’s city council knows that the antecedents of democracy are material -- the ability to provide services, the ability to absorb the impact of economic shifts, the ability to make citizens feel invested in their communities.
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Chicago Mayoral Candidate Amara Enyia Calls for Public Bank

31 year-old Amara Enyia holds a J.D. and PhD, has served as a lawyer, a public policy fellow in the Chicago city government, a municipal development consultant, and is currently executive director of the Austin Chamber of Commerce on Chicago's West Side. And she's not only a supporter of public banking, but is making public banks a foundation of her energetic campaign to be the next Mayor of Chicago

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Public Banking and Corporate News: When Big Media Struggles to Understand Local Economic Autonomy

Public banks are, above all, tools of local control. The Bank of North Dakota allows that state to bypass Wall Street and finance local and state-wide projects without fear of paying exploitative interest rates, or of losing those interest payments to outside shareholders who wouldn’t re-invest them in local endeavors. 

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WSJ Reports: BND Outperforms Wall Street

by Ellen Brown

While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry.  So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article:

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PBI Philadelphia Conference "Public Banks for Public Works" Coming Up Tomorrow!

Join us in Philadelphia for PBI's National Conference West, tomorrow - Saturday, October 18th!  It promises to be a great lineup of speakers focused on solutions - exploring how to move public banking in Pennsylvania forward!

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Santa Fe Mayor Exploring the Potential Of Public Banking

"We have to become innovators.  We have to think outside the box.  We have to look for non-traditional ways of meeting the critical needs of our community." - Santa Fe Mayor Javier Gonzales

 

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Inspired in Santa Fe

Looking out at hundreds of faces this morning, all interested in the questions being asked in Santa Fe as they consider a public bank for the city, I couldn't help but feel that the time has come. The time has come to rethink banking, to re-evaluate this core function of our economic system. Even though the U.S. Constitution guarantees the people, through Congress, the right to coin money, we have delegated that function to the private sector, for profit, for too long.

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The Santa Fe Symposium Is Underway!

The Santa Fe Symposium is underway!  Great turnout - and over half the attendees to this morning's public banking panel session are from outside of New Mexico!  People attending from Seattle, San Francisco, North Carolina, Florida, Arizona, and Wisconsin to name just a few!  The energy in Santa Fe is very high!  Join us online for the live stream....  

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Join Us In Santa Fe!

I and much of the PBI Board of Directors are in Santa Fe the rest of this week, preparing for our annual conference West this weekend!  We invite you to join us live or by internet web stream...

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Welcome to Our New Site!

After months of hard work, we release our new PBI website and blog, featuring the first glimpse of Phase One of our online learning resource for members, The New Economy Academy!

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