The Public Banking Revolution – Ellen Brown, Paul Jay and Richard Wolff
Does Public Banking Work – Project Censored named The Public Banking Revolution one of the top 25 most censored stories of 2020. The independent media pointed out that a public banking system on a national scale could finance the Green New Deal, as Roosevelt’s Reconstruction Finance Corporation did. A state or city based Public Bank can keep money local and fund projects like affordable housing and infrastructure without concern for maximizing profits or shareholder returns. A living example for such a bank already exists for 100 years in the Bank of North Dakota.
Economist Richard Wolff appreciated Gov. Gavin Newsom’s approval of a bill allowing local governments in California to establish public banks. Wolff said if people only knew how public [ . . . ]
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