Why public banks are suddenly popular

Public banks suddenly popular

Photo courtesy The New Republic

 

Sarah Jones writes in The New Republic:

The appeal of public banks extends beyond consumer protection to sound fiscal policy. The argument, as articulated by Demos in a 2011 report, says banks can offer lower debt costs to city and state governments, fund public infrastructure projects, and encourage entrepreneurship by providing loans to small businesses at lower interest rates and with lower fees.”

[Read the full article]

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