The public banking successes in New Jersey, Seattle, Santa Fe, California, Los Angeles, Philadelphia, and Vermont did not just spring out of the blue. They are the result of many weeks, months and years of hard work, and set-backs faced by the many volunteers working to establish public banks across our land. Most are motivated to do this work to create a more just economy. A public bank serves this purpose by saving public funds and returning a profit that can be used to benefit the public good, rather than private interests as now is the case. Read this document which outlines how public banks serve the public good.
Watch as Phil Murphy explains his plan for what a State Bank of New Jersey can do for the people of his state. This candidate knows what he’s talking about, having had a career in finance with Goldman Sachs.
This August 10 in Los Angeles, with several hundred Californians in attendance, State Treasurer John Chiang's Cannabis Banking Working Group heard the case for public banking as a tool of economic justice and a potential solution to marijuana business's inability to use private banking services.
Revolution LA Public Bank Activists spoke from the heart about the challenges California faces and how a Public Bank could improve the fate of many. Speakers included Vermont public banking advocate Gwen Hallsmith, and Commonomics USA's Matt Stannard, who summarized that organization's comprehensive California Public Cannabis Bank proposal and Matt Stannard’s interview with the LA Times.
The Cannabis Banking Working Group site offers links to the panel discussions, which are fascinating!Read more
The next Oakland City Council meeting is set for Tuesday, September 18th. On the agenda is authorizing the feasibility study on establishing the Public Bank of Oakland. But authorization is only half the battle.Read more
How can public banking boost a state or local economy? Check out this video from PBI's Arizona affiliate, Arizonans for a New Economy.Read more
Marlen Vargas Del Razo talks to Matt Stannard of the Public Banking Institute: What are the principles of Public Banking? How do Public Banks perform in comparison to Private ones? How can money be democratized through Public Banking? How do Public Banks support local economies? Can Public Banks be a stepping stone to providing a Basic Income? Why aren’t there more Public Banks?Read more