Tue, 28 January 2020
It has been a hundred years since the first and only public bank was created in the United States, in North Dakota, but now there is renewed interest in starting more public banks. California passed a law last year allowing public banks. New Jersey and New York are not far behind. To explain why public banks are necessary and describe the growing movement for them, we speak with Ellen Brown of the Public Banking Institute. She discusses the benefits of public banks, how they save money and free up funds for necessary public projects and what the obstacles are. Brown also writes about financial issues. She talks about the current crisis in the repo market that is brewing in the United States and how it makes the economy precarious. For more information, visit PopularResistance.org.