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
Here are the most frequently asked questions we get at the Public Banking Institute:
- Q: What precedent is there for public banking in the US?
- Q: What is the difference between a public bank and any other bank?
- Q: Who would benefit from a public bank?
- Q: What are the problems public banks are trying to 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 in my area?
- Q: Why are some banks opposed to public banking?
- Q: How could a publicly owned bank help an economically struggling state?
- Q: Can't cities and states just deposit their funds into a credit union? Wouldn't that amount to the same thing?
- Q: Won't a public bank require a very large investment by a city/county/state?
- Who will set policy for public banks? Who decides whether to approve loans? How are decisionmakers insulated from bribes and financial or political pressure?