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Public Banks: What Are They, and How Might They Impact Workers?
ONLABOR, By Travis Lavenski January 12, 2022 (Above: First State Bank, Osnabrock North Dakota) Since the Great Recession in 2008, a surge of discourse regarding public banking has emerged. Commonly pushed as a core piece of progressive legislation, states...
Murphy vows to follow through with plans on New Jersey public bank
The Washington Examiner, By T.A. DeFeo | The Center Square January 5, 2022 New Jersey Gov. Phil Murphy said he intends to follow through with plans to open a state-owned bank. In November 2019, Murphy signed Executive Order No. 91 to create the Public Bank...
Bank of Washington? States consider opening government banks
The Seattle Times, By Elaine S. Povich | stateline.org December 19, 2021 Unlike commercial banks, the mission of public banks would be to invest in public priorities such as affordable housing, small business loans or infrastructure projects. Most could offer...
Ellen Brown: The Real Antidote to Inflation
Image by Images Money / CC BY 2.0 By Ellen Brown / CounterPunch | December 28, 2021 The Fed has options for countering the record inflation the U.S. is facing that are far more productive and less risky than raising interest rates. The Federal Reserve is caught...
Your State Could Decide to Open a Bank
People pass a check cashing service center in Brooklyn, New York. Backers of state-run banks say the institutions could help people open accounts by reducing typical bank charges and fees, allowing people to stop using expensive check cashing services.Bebeto...
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Episode: Everyone deserves a public bank
Join those who’ve endorsed a Public Bank for New Mexico
“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”
– Paul Gibson
Retake Our Democracy