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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?
2020 Was the Year of Demystifying Money for Cities
By Oscar Perry Abello, Next City – The unprecedented circumstances of the pandemic and the unprecedented responses it elicited from various levels of government and the private sector revealed a lot about where money comes from and how it circulates around the economy. It provided an occasion to look back at ideas that offer relevant insights for today.
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.
Las Cruces City Council Discusses Formation Of A Public Bank In New Mexico
Las Cruces City Council Discusses Formation Of A Public Bank In New Mexico
By KRWG | December 14, 2020
Alliance for Local Prosperity presented to the Las Cruces City Council on December 14, 2020 on the merits of a public bank for New Mexico. Supporters for a NM Public Bank include State Senator-Elect Carrie Hamblen, Councilor Gabe Vasquez and Councilor Kasandra Gandara.
VIDEO Las Cruces City Council Discusses Formation Of A Public Bank In New Mexico Video
Las Cruces City Council Discusses Formation Of A Public Bank In New Mexico
By Madison Staten, KRWG – The Alliance for Local Economic Prosperity is calling on the Las Cruces City Council to approve a resolution in support of a public bank in New Mexico. Angela Merkert, the executive director of the Alliance for Local Economic Prosperity, says the formation of a public bank will lead to greater economic health for the state.
Bank of North Dakota Releases COVID-19 Relief Numbers
By AM1100 The Flag – State-owned, public Bank of North Dakota (BND) released its final COVID-relief program numbers and amounts for the four programs it administered to stimulate economic recovery. The Bank utilized its network of banks and credit unions across the state to ensure the delivery of funds happened as quickly and efficiently as possible.
Why the Fed Needs Public Banks
By Ellen Brown, Common Dreams – The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. The tools the Fed actually needs are public banks, which could and would do the job.
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.
Even conservative Britain plans to slash carbon emissions 68% by 2030: banking, building and borrowing are key
By Anupam Nanda, The Conversation – The UK government is setting up a national infrastructure bank in the North of England which will fund projects across the UK, while attempting to garner additional private investment. The bank’s institutional weight will lend confidence and guarantees to private investors, and could assist local and mayoral authorities with regional infrastructure projects.
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Episode: Everyone deserves a public bank
“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
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