by Anthony Colombo | Aug 23, 2016 | Monetary Policy, National, News, Public Banking
Impoverished Americans face a myriad of problems unknown to the middle and upper class, the most significant of which are regressive costs. Officially, 14.8% of people in the United States live in poverty. Furthermore, 20% of Americans use alternative financial...
by Anthony Colombo | Aug 17, 2016 | National, News, Public Bank, Public Banking
PBI Chair Walt McRee has announced the creation of a bi-partisan Public Banking Caucus, a strategic campaign to link together the many local and state elected and appointed officials (and candidates) already supporting public banking. Mike Krauss, PBI founding...
by Anthony Colombo | Aug 12, 2016 | Local Economies, National, News, Public Bank, Public Banking
Dear Linn County supervisors, Let me commend you for your plan “to help the county’s waters, trails and wildlife habitats.” Forty million dollars, plus the cost of an election and the fees and interest associated with the bonds, is a lot of money. You could avoid...
by Anthony Colombo | Aug 10, 2016 | Local Economies, Monetary Policy, National, News, Print Media, Public Bank, Public Banking
So far, neither Donald Trump nor Hillary Clinton has offered a credible plan to restart the long-stalled U.S. economy. Trump favors lowering taxes to spur demand, a reduction in the supply of illegal foreign labor to boost wages, and modifying trade policy to...
by Anthony Colombo | Aug 6, 2016 | New LTE
Usually a household wishing to own a home must borrow funds from a bank. The household pledges its future earning capability to pay off a mortgage during the home owner’s lifetime. Likewise, a city needs to borrow for public projects like streets, utilities and the...