Posted by· September 14, 2018 5:51 PM
Winnebago County resident David Soll moderates a Skype conference call with residents and PBI founding director, Mike Krauss, in the Rockford Public Library.
Winnebago County, IL sits due west of Chicago on the Wisconsin border. It is the sixth largest county in Illinois, behind Chicago and its immediate suburbs. It has a population of just under 300,000.Read more
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
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
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
Have a question? Here are answers to some of the most frequently asked questions about public banks:
- Q: What precedent is there for public banking in the US?
- Q: Who would benefit from a public bank?
- Q: What problems do public banks solve?
- Q: Won't greedy politicians just use a public bank to fund pet projects and line their pockets?
- Q: Will a public bank compete with local banks?
- Q: Why are some banks opposed to public banking?
- Q: How could a public bank help an economically struggling city or state?
- Q: Can't cities and states just deposit their funds into a credit union? Wouldn't that amount to the same thing?
- Q: Would a public bank require a city or state to raise new funds through taxes?
- Who will set policy for public banks? Who decides whether to approve loans? How are decision makers insulated from bribes and pressure from politicians and business interests?