To understand how a public bank can operate and make money for a state, county, or municipality that owns it, it is important to understand how banking is done in the United States, as well as most countries around the world. Most banks use a model of banking called fractional reserve banking. This model allows […]
Monthly Archives: February 2015
Public banking efforts are very active in the Western United States. Matt Stannard, who writes frequently about progressive economic issues, writes here about four of the more active public banking efforts in the western states: in Washington, New Mexico, Arizona, and Colorado. From the Occupy.com: How Public Banking is Winning the West BY MATT STANNARD […]
Earl Staelin, a board member of Be The Change — USA, is one of the intellectual leaders of the Banking On Colorado and the public banking movement in Colorado. Here is his Denver Post Op-Ed supporting the formation of public banks in our state. From the Denver Post: OPINION
From the The Web of Debt Blog: Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap? Posted on February 10, 2015 by Ellen Brown at ellenbrown.com Public banks in North Dakota, Germany and Switzerland have been shown to outperform their private counterparts. Under the TPP and TTIP, however, […]
A public bank can benefit local governments and economies in many ways. There can be a clear benefit to local infrastructure and businesses through community banks, and, as this article makes clear, there can be great improvements to our environment through investment in renewable energy. From the Boulder Weekly Thursday, February 5, 2015 Banking on […]
A bill to establish The Maine Street Bank was introduced in the Maine legislature on 13 January 2015. Titled An Act to Create a Public Bank, the bill proposes to create a public bank by 1 July 2017 for the state of Maine that is largely modeled after the nearly century old Bank of North […]