Public Banking Institute News & Views
Walt McRee, Ellen Brown, Michael Melio, Oscar Perry Abello, AthenaA lively discussion on how publicly-owned banks can turn economies around, be engines of healthy local investment, return control of our state and city revenues to the people who live there, and create stability ... before the next crisis.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 29 | Subscribers | Read | publicbankinginstitute.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
Compound Interest Is Devouring the Federal Budget: It’s Time to Take Back the Money Power ... by Ellen Brown Dec 15
“Albert Einstein is often quoted as saying that compound interest is “the most powerful force in the universe.” The quote is probably apocryphal, but it reflects a mathematical truth. Interest on earlier interest grows exponentially, outrun...
The rise of public banking is a civic response to Wall Street extraction by Walt McRee
In the wake of the 2008 financial collapse, a quiet revolution began. As Wall Street banks were bailed out and public budgets were gutted, a growing number of civic leaders, economists and grassroots organizers began asking a fundamental qu...
“Banks Don’t Take Deposits and They Don’t Lend Money”
Contrary to common belief, banks create new money when they make loans – they conjure money in your name “from nothing”. So if we had public banks, we could create public financing instead of having to acquire more expensive Wall Street deb...
After 106 Years of Banking Calamities, We Should Have Learned What Works Best...
While banking is an essential public utility, there is only one publicly-owned bank in the US, the Bank of North Dakota. It is 106 years old today. PBI’s Ellen Brown describes the difference in Just Money’s recent paper titled “Why public f...
Authors
The writers behind this newsletter.
President and Chair of Public Banking Institute.
Founder and co-chair, Public Banking Institute; author of 400+ articles and 13 books, including "Web of Debt" and "The Public Bank Solution."
Media Director, Public Banking Institute http://PublicBankingInsitute.org and http://EstablishingLocalDemocracy.org and http://RMPBI.ORG
Senior Economic Justice Correspondent, Next City Magazine. Writing a book about the banking system. NYC.
Create Public Banks Now!
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