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New push for state public bank in 2021 legislative session

New push for state public bank in 2021 legislative session

By Brady Wakayama & Stephanie Chavez, KRQE – There is a new push – backed by several state lawmakers, and now some Albuquerque city councilors – for New Mexico to establish a state public bank. “It’s a great low cost, very easy way to make sure small businesses and economic development projects, municipal projects of all kinds, can get capitol pretty quickly,” said Dan Mayfield, VP of the Credit Union Association.

Building a green economy

Building a green economy

By Kevin Robinson-Avila, Albuquerque Journal – The U.S. has emerged from previous economic downturns like today’s pandemic-induced slump by building new infrastructure. And given the immense construction needed to add transmission capacity, modernize grid technology, and build renewable generation facilities, transitioning to a green economy could provide a robust path to recovery while also laying the foundations for new, sustainable industries.

Albuquerque’s Quest to Buy Local Everything

Albuquerque’s Quest to Buy Local Everything

By Oscar Perry Abello, Next City – The City of Albuquerque spends around $400 million a year on purchasing goods and services — excluding any CARES Act spending. About 65 percent of that already goes to local businesses in Albuquerque. “I would say I don’t see us surviving COVID without the City of Albuquerque business,” says Diverse Office Supply CEO Kerry Brennan Bertram. “I’m not exaggerating, I really don’t see how we could have managed.”

New Mexico needs a public bank

New Mexico needs a public bank

By Doug Lynam, Santa Fe New Mexican – According to a study by California State University, Northridge, New Mexico has almost 10 times more payday lenders than it does McDonald’s restaurants. Meanwhile, we are near the very bottom in U.S. News & World Report state rankings for education, economy, opportunity, fiscal stability and crime. How do we bring more money into our state?

Tackling the Infrastructure and Unemployment Crises: The “American System” Solution

Tackling the Infrastructure and Unemployment Crises: The “American System” Solution

By Ellen Brown, Web of Debt Blog – Millions of Americans have joined the ranks of the unemployed, and government relief checks and savings are running out; meanwhile, the country still needs trillions of dollars in infrastructure. A self-funding national infrastructure bank modeled on the “American System” of Alexander Hamilton, Abraham Lincoln, and Franklin D. Roosevelt would help solve not one but two of the country’s biggest problems.

Why Chicago should start a public bank

Why Chicago should start a public bank

By Daniel La Spata, Matt Martin, Robert Peters and Ameya Pawar, Chicago Sun-Times – Arresting poverty, inequality and the racial wealth gap requires a genuinely transformational tool: a public bank. Why do communities need a public bank? Banks create money when they lend. This superpower is the cornerstone of economic development. Loans stimulate economic growth, increase property values, and build wealth — and we can harness this power to benefit all communities.

Upcoming Events

january, 2021

05janAll Day09NCSE Drawdown 2021 Virtual ConferenceResearch to Action: Science & Solutions for a Planet under Pressure

08jan10:00 am11:00 amPublic Banking Coalition Monthly Conference CallLearn more about Public Banking, discuss current issues and get updates on the movement.

09jan9:30 am12:00 pm2021 New Mexico Legislative Action ExpoAn opportunity to explore, discuss, and promote issues of concern and actions sought

13jan9:00 am10:00 amCafecito con ColónState Auditor Brian Colón as he interviews AFLEP about the Public Banking Act

13jan1:00 pm5:30 pmTransforming New Mexico’s Future Through Local Economic DevelopmentExplore the potential for New Mexico prosperity

19janAll DayVirtual RoundhouseFor easy, safe, and free access to the state’s governmental leaders during the COVID-19 pandemic

19jan12:00 pm12:00 pmNM Regular Legislative Session 2021 ConvenesAFLEP submits its bill for a NM Public Bank

19jan5:30 pm7:00 pmSoil Stories: Online conversations on soil healthSpecial Edition on New Mexico Policy Initiatives

26janAll DayVirtual RoundhouseFor easy, safe, and free access to the state’s governmental leaders during the COVID-19 pandemic

The Benefits of Forming a NM Public Bank

Retake Our Democracy
Jun 23, 2020

AFLEP is joined by Ellen Brown, Chair of the Public Banking Institute, and Paul Stull, President and CEO of the Credit Union Association of New Mexico for this panel discussion about the potential benefits of a New Mexico state public bank. Panel facilitated by Retake Our Democracy.

Truthout - FAIR Podcast - AFLEP

California’s New Public Banking Option Opens Door for Real Community Investment

Economy & Labor
Oct 22, 2019

Janine Jackson interviews Public Bank LA’s Trinity Tran about public banking for the October 11, 2019, episode of “CounterSpin.”

>> Listen to the Podcast

It's Our Money with Ellen Brown

Banking on the People by Ellen Brown - AFLEP

Ellen Brown’s
2019 Book

Today most of our money is created, not by governments, but by banks when they make loans. This book takes the reader step by step through the sausage factory of modern money creation, explores improvements made possible by advances in digital technology, and proposes upgrades that could transform our outmoded nineteenth century system into one that is democratic, sustainable, and serves the needs of the twenty-first century.

Order the Book

Join those who’ve endorsed a Public Bank for New Mexico

Paul Gibson endorses Public Banking NM


“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