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

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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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"Slavery by debt has continued to this day, and it is particularly evident in the plight of students." (Photo: Michael Fleshman/cc) Views
Thursday, December 28, 2017
Student Debt Slavery: Bankrolling Financiers On The Backs Of The Young
The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular , reportedly circulated by British banking interests among their American banking counterparts during the American Civil War. It read...
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Sunday, November 05, 2017
The Public Bank Option—Safer, Local, and Half the Cost
Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on November 7, the nation’s second state-owned bank in a century could follow. A UK study published on October 27, 2017 reported that the...
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Monday, October 30, 2017
Regulation Is Killing Community Banks – Public Banks Can Revive Them
At his confirmation hearing in January 2017, Treasury Secretary Stephen Mnuchin said , “regulation is killing community banks.” If the process is not reversed, he warned, we could “end up in a world where we have four big banks in this country.” That would be bad for both jobs and the economy. “I...
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It has been calculated that if the UK’s welfare budget were split among the country’s 50 million adults, each of them would get £5,160 a year. Views
Wednesday, October 04, 2017
How to Fund a Universal Basic Income Without Increasing Taxes or Inflation
The policy of guaranteeing every citizen a universal basic income is gaining support around the world, as automation increasingly makes jobs obsolete. But can it be funded without raising taxes or triggering hyperinflation? In a panel I was on at the NexusEarth cryptocurrency conference in Aspen...
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Monday, July 24, 2017
Saving Illinois: Getting More Bang for the State’s Bucks
Illinois is insolvent, unable to pay its bills. According to Moody’s , the state has $15 billion in unpaid bills and $251 billion in unfunded liabilities. Of these, $119 billion are tied to shortfalls in the state’s pension program . On July 6, 2017, for the first time in two years, the state...
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Wednesday, May 17, 2017
If China Can Fund Infrastructure with Its Own Credit, So Can We
This week has been designated “National Infrastructure Week” by the US Chambers of Commerce, the American Society of Civil Engineers (ASCE), and over 150 affiliates. Their message: “It’s time to rebuild.” Ever since ASCE began issuing its “National Infrastructure Report Card” in 1998, the nation...
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Friday, March 17, 2017
If "Ryancare" Is Dead on Arrival, Can We Please Now Try Single Payer?
"The Canadian plan also helps Canadians live longer and healthier than Americans. . . . We need, as a nation, to reexamine the single-payer plan, as many individual states are doing." — Donald Trump, The America We Deserve (2000) The new American Health Care Act has been unveiled, and critics are...
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Thursday, January 26, 2017
How to Cut Infrastructure Costs in Half
President Donald Trump has promised to rebuild America’s airports, bridges, tunnels, roads and other infrastructure, something both Democrats and Republicans agree should be done. The country needs a full $3 trillion in infrastructure over the next decade. The $1 trillion plan revealed by Trump’s...
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