All Articles on Public Banks

News
'Stunning Rebuke to Predatory Wall Street Megabanks' as California Gov. Signs Law Allowing Creation of Public Banks
"The people of California just went up against the most powerful corporate lobby in the country—and won."
Read more
China thinks this is a better banking model than the private Western system focused on short-term profits for private shareholders. (Photo: Thomas Peter-Pool/Getty Images) Views
Neoliberalism Has Met Its Match in China
The Chinese have proven the effectiveness of their public banking system in supporting their industries and their workers. Rather than seeing it as an existential threat, we could thank them for test-driving the model and take a spin in it ourselves.
Read more
Facebook CEO Mark Zuckerberg speaks at a 2014 San Francisco event in front of a screen showing one of the tech giant's early mottos, "Move Fast and Break Things." (Photo: Mike Deeroski / Flickr/CC BY 2.0) Views
Facebook May Pose a Greater Danger Than Wall Street
"Libra might someday be recognized as a sovereign currency, with Facebook acting as a 'shadow bank' that could compete with the central banks of countries around the world."
Read more
Views
"I'm a Capitalist," Says Warren…But Why?
Let's drop the dead-end debate of capitalism versus socialism and focus on choosing terms that capture what we really mean—an open, fair, and accountable market essential to real democracy.
Read more
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
The Public Banking Revolution Is Upon Us
Banks now create most of our money supply and need to be made public utilities, following the stellar precedent of the Bank of North Dakota, which makes below-market loans for local communities and businesses while turning a profit for the state.
Read more
The Fed is realizing that it cannot bring its balance sheet back to “normal.” (Photo: LeoLondon / CC BY-NC-ND 2.0) Views
The Fed's Dramatic About-Face
The central bank needs to be made a public utility, responsive to the needs of the people and the economy
Read more
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
The Venezuela Myth Keeping Us From Transforming Our Economy
"Capitalism is quite simply incapable of regulating itself, and that is precisely where progressive governments and progressive government legislation needs to step in."
Read more
Wind farmer Jan Marrink poses by his wind turbines in Nordhorn, Germany. (Photo: Martin Meissner / AP) Views
The Financial Secret Behind Germany’s Green Energy Revolution
The most profitable and efficient way for national and local governments to finance public infrastructure and development is with their own banks
Read more
Views
Could a Green New Deal Save Civilization?
To fully and systematically address the climate/energy crisis, the plan will have to be far broader in scope than what is currently being proposed. And while we need to mobilize society as a whole with a World War II-level of effort, the reality is that there's never been a challenge like this...
Read more
In a win-win-win combination, building the health of soil improves farm viability, increasing farm resiliency to extreme weather events, and improving food quality and surrounding water quality. (Photo: Public domain) Views
Why Sustainable Agriculture Should Support a Green New Deal
"De-carbonize the atmosphere, re-carbonize the soil!"
Read more

Pages