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Public Banking

Six Economic Steps to a Better Life and Real Prosperity for All

Gar Alperovitz | Posted 04.01.2013 | Politics
Gar Alperovitz

When traditional systems falter and fail, new ideas spring to life. Little noticed by most observers, handholds on processes of potentially important new forms of change have been quietly developing around the country.

The Trillion-dollar Coin: Joke or Game Changer?

Ellen Brown | Posted 03.24.2013 | Politics
Ellen Brown

It's all good fun -- or is it? Most commentators have missed the real significance of the trillion-dollar coin. It is not just about political gamesmanship. For centuries, a secret battle has raged over who should create the nation's money supply -- governments or banks.

Political Football Over Disaster Relief: Another Argument for Public Banking

Ellen Brown | Posted 03.09.2013 | Business
Ellen Brown

Many homeowners were strained by mortgages that were underwater prior to the storm, and their properties have now depreciated to the point of having no market value at all. They have no choice but to try to rebuild, but how can they take on more debt?

Fiscal Cliff: Let's Call Their Bluff!

Ellen Brown | Posted 02.18.2013 | Politics
Ellen Brown

Slashing services, selling off public assets, and raising taxes won't cure these ills. To maintain a sustainable and productive economy requires a visionary leap into the new. A new economy needs new methods of public financing.

Ensuring Scottish Sovereignty: Exploring the Public Bank Option

Ellen Brown | Posted 02.06.2013 | Business
Ellen Brown

Perhaps the Scots will blaze a trail for economic sovereignty in the EU, just as the North Dakotans did in the U.S.

It's the Interest, Stupid! Why Bankers Rule the World

Ellen Brown | Posted 01.08.2013 | Business
Ellen Brown

This is not rocket science. By developing a public banking system, governments can keep the interest and reinvest it locally.

QE Infinity: What Is It Really About?

Ellen Brown | Posted 12.03.2012 | Business
Ellen Brown

It will not achieve those things because it consists of no more than an asset swap on bank balance sheets. It will not get dollars to businesses or consumers on Main Street. So what is the real purpose of this exercise?

America Is Not Broke!

Scott Baker | Posted 11.21.2012 | Politics
Scott Baker

Americans of all political beliefs have been told repeatedly that America is broke, that something must be cut and/or taxes raised or we will drown in...

The Myth That Japan Is Broke: The World's Largest "Debtor" Is Now the World's Largest Creditor

Ellen Brown | Posted 11.05.2012 | World
Ellen Brown

All of this has implications for Americans concerned with an out-of-control national debt. Properly managed and directed, it seems, the debt need be nothing to fear. Like Japan, and unlike Greece and other eurozone countries, the U.S. is the sovereign issuer of its own currency.

Fixing the Mortgage Mess: The Game-changing Implications of Bain v. MERS

Ellen Brown | Posted 10.23.2012 | Business
Ellen Brown

San Bernardino and other counties are drowning in debt from a crisis created when Wall Street's real estate securitization bubble burst. By using eminent domain, they can clean up the destruction of their land title records and 400 years of real property law.

Illinois Needs a Public Bank

Tom Tresser | Posted 09.27.2012 | Chicago
Tom Tresser

A public bank for Illinois would deliver that much needed cheap and easily accessible capital for credit-worthy borrowers that would make a world of difference for us and our neighbors.

Government by the Banks, for the Banks: The ESM Coup D'Etat in Europe

Ellen Brown | Posted 09.02.2012 | Business
Ellen Brown

It is one thing to pool national resources to bail out other sovereign governments, quite another to write a blank check to bail out the profligate private banks that precipitated the global downturn.

The Lost Forgotten Americans of 2012

Renee Parsons | Posted 08.06.2012 | Politics
Renee Parsons

As the early weeks of the presidential campaign have shown, the American electorate can expect a mind-numbing election season devoid of a real debate on real issues offering real solutions for millions of desperate citizens.

The Revolution Will Not Be Televised: Quiet Drama in Philadelphia

Ellen Brown | Posted 07.22.2012 | Business
Ellen Brown

Why does there always seem to be enough money for military expansion, prisons, bank bailouts and tax cuts for the wealthy, but not enough for education -- or for jobs, housing, healthcare, or old age pensions?

Indentured Servitude for Seniors: Social Security Garnished for Student Debts

Ellen Brown | Posted 07.15.2012 | Business
Ellen Brown

U.S. taxpayers now pay nearly half a trillion dollars annually to finance our federal debt. By financing the debt itself rather than paying interest to private parties, the government could divert what it would have paid in interest into tuition, jobs, infrastructure and social services.

Philadelphia Freedom: Birthplace of the Constitution Takes Center Stage

Ellen Brown | Posted 06.09.2012 | Business
Ellen Brown

'Cause I live and breathe this Philadelphia freedom From the day that I was born I've waved the flag Philadelphia freedom took me knee-high to a man Y...

Oh Canada! Imposing Austerity on the World's Most Resource-rich Country

Ellen Brown | Posted 06.03.2012 | Business
Ellen Brown

Canada's once-proud government programs are being subjected to radical budget cuts -- cuts that could have been avoided if the government had not quit borrowing from its own central bank in the 1970s.

So About That Socialism Thing...

The Huffington Post | Alexander Eichler | Posted 03.07.2012 | Business

Tired of giving business to big banks? Maybe you can become the state's customer instead. More U.S. states are exploring the possibility of establi...

Pulling Back the Curtain on the Wall Street Money Machine

Ellen Brown | Posted 02.06.2012 | Business
Ellen Brown

We have forgotten our roots, when the American colonists thrived on a system of money created by the people themselves, debt-free and interest-free. The continued dominance of the Wall Street money machine depends on that collective amnesia.

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011 | Business
John Fullerton

The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.

Talking to Regular People Regarding Economic Reform

Scott Baker | Posted 10.14.2011 | Politics
Scott Baker

People who have taken some alternative economics classes, read some alternative economics books (e.g. Henry George, Ellen Brown, Stephen Zarlenga, etc...