Ellen Brown

Ellen Brown

Ellen Brown is an attorney and founder of the Public Banking Institute. She is the author of twelve books, including the best-selling Web of Debt, and her latest book, The Public Bank Solution, which explores successful public banking models historically and globally.

Articles by this author

Newly-created credit directed into local communities by publicly-owned banks can provide the additional funding that local governments critically need. (Photo: 401kcalculator.org) Views
Thursday, April 18, 2019
The Public Banking Revolution Is Upon Us
As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is extremely close, with state bank bills...
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The Fed is realizing that it cannot bring its balance sheet back to “normal.” (Photo: LeoLondon / CC BY-NC-ND 2.0) Views
Friday, February 22, 2019
The Fed's Dramatic About-Face
“Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy. The F ed “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the...
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Although Venezuela is not technically at war, it is suffering from foreign currency strains triggered by aggressive attacks by a foreign power. U.S. economic sanctions have been going on for years, causing the country at least $20 billion in losses. (Photo: Alex Lanz / CC BY-NC-ND 2.0) Views
Friday, February 08, 2019
The Venezuela Myth Keeping Us From Transforming Our Economy
Modern Monetary Theory (MMT) is getting significant media attention these days, after Rep. Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the “Green New Deal.” According to MMT, the government can spend what it needs...
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Wind farmer Jan Marrink poses by his wind turbines in Nordhorn, Germany. (Photo: Martin Meissner / AP) Views
Friday, January 25, 2019
The Financial Secret Behind Germany’s Green Energy Revolution
The “Green New Deal” endorsed by Rep. Alexandria Ocasio-Cortez, D.-N.Y., and more than 40 other House members has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it. However, taxing the rich is not what the Green New Deal...
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Infrastructure projects of the sort proposed in the Green New Deal are “self-funding,” generating resources and fees that can repay the loans. (Photo: Emelia Gold) Views
Monday, December 17, 2018
This Radical Plan to Fund the ‘Green New Deal’ Just Might Work
With what Naomi Klein calls “galloping momentum,” the “Green New Deal” promoted by newly-elected Rep. Alexandria Ocasio-Cortez (D-NY) appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop. It would give a House Select Committee “a mandate...
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The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. ( Views
Sunday, November 04, 2018
Trump’s War on the Fed
October was a brutal month for the stock market. After the Fed’s eighth interest rate hike on September 26 th , the Dow Jones Industrial Average dropped more than 2,000 points and the NASDAQ had its worst month in nearly 10 years. After the Dow lost more than 800 points on October 10 th and the S...
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The Federal Reserve Board Building  located at 20th Street & Constitution Avenue, NW in Washington, D.C. (cc/AgnosticPreachersKid) Views
Saturday, September 15, 2018
Central Banks Have Gone Rogue, Putting Us All at Risk
Excluding institutions such as Blackrock and Vanguard, which are composed of multiple investors, the largest single players in global equity markets are now thought to be central banks themselves . An estimated 30 to 40 central banks are invested in the stock market, either directly or through...
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money Views
Monday, May 28, 2018
Blackstone, BlackRock, or a Public Bank? Putting California's Funds to Work
California needs over $700 billion in infrastructure during the next decade. Where will this money come from? The $1.5 trillion infrastructure initiative unveiled by President Trump in February 2018 includes only $200 billion in federal funding, and less than that after factoring in the billions in...
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Sunday, March 18, 2018
The War on the Post Office
The U.S. banking establishment has been at war with the post office since at least 1910, when the Postal Savings Bank Act established a public savings alternative to a private banking system that had crashed the economy in the Bank Panic of 1907. The American Bankers Association was quick to...
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Sunday, January 07, 2018
Student Debt Slavery: Time to Level the Playing Field
This is the second in a two-part article on the debt burden America’s students face. Read Part 1 here . The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells...
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