Tag Archives: Public banking

You Know a Politician or Talking Head is Clueless When…..

You Know a Politician or Talking Head is Clueless When…..
People will work for decades to make the money they need to pay the bills and other necessities. Yet, fewer than 1 in 1000 people understand how this money actually gets into circulation and who benefits from our current system. Politicians and talking heads also do not understand this. Read more

PBI National Conference East / National Conference West

PBI National Conference East / National Conference West
September 27th and October 18th - Come and learn more about how public banking is moving forward and making news all over the country! Join us in Santa Fe on September 27th and in Philadelphia on October 18th to experience the on-the-ground efforts being made to establish public banks at the local and regional levels. For those interested in the process of establishing public banks at the state level, Vermont will be the ... Read more

Infrastructure Sticker Shock

Infrastructure Sticker Shock
A general rule for government bonds is that they double the cost of projects, once interest has been paid. The San Francisco Bay Bridge earthquake retrofit was originally slated to cost $6.3 billion, but that was just for salaries and physical materials. With interest and fees, the cost to taxpayers and toll-payers will be over $12 billion. The bullet train from San Francisco to Los Angeles, another pet project of Jerry Brown and his ... Read more

In Show of Direct Democracy, Vermont Pushes for Public Bank

In Show of Direct Democracy, Vermont Pushes for Public Bank
By a more than three-to-one margin on Tuesday, communities voting on whether to support the creation of a public bank in Vermont approved the idea, calling for the state legislature to establish such a bank and urging passage of legislation designed to begin its implementation. In a show of direct democracy that also exposed the citizenry's desire for a more localized and responsible banking system, fifteen of nineteen towns passed the ... Read more

The People’s Bank

The People’s Bank
To many Americans, of course, the idea that state governments should be running banks—that they can run them better—is anti-capitalist blasphemy. But in conservative North Dakota, the bank is so well established and popular that former U.S. Senator Kent Conrad, who’s 64, says he can’t remember a time when anyone seriously challenged it. Now, across the country, some policymakers and community groups want to follow North Dakota’s lead. Since ... Read more

Vermont Becomes Key State for Public Banking Push

Vermont Becomes Key State for Public Banking Push
In a developing story emerging from Vermont, Gwendolyn Hallsmith, Montpelier’s former Planning and Community Development Director, has alleged that she had been fired for her support for a public banking initiative. As efforts to institute a public bank in the state gain momentum at both the grassroots and official levels, a press release issued by the Public Banking Institute (see below) suggests that advocates for the effort have “suffered ... Read more