On July 22, 2022, the Coalition for a National Infrastructure Bank sponsored a town hall titled “It’s the ‘Productive’ Economy, Stupid.” Included in the discussion, Cornell Professor and PBI Advisory Board member Robert Hockett pushed back against the proposed solution of former Treasury Secretary Larry Summers to soaring inflation: increase the joblessness rate.
In her latest article, PBI Chair Ellen Brown argues that the Fed’s rate hikes, too, will only make inflation worse. While the Fed applies its go-to tool of increasing interest rates to suppress demand, the real problem continues unabated — supply shortages caused by brutal lockdowns, sanctions, war, and a farming crisis driven by overly stringent regulations. …
A recent article by Carey L. Biron for Thomson Reuters Foundation quotes numerous public banking advocates including PBI Senior Advisor Walt McRee, Philadelphia Councilmember Derek Green, Public Bank East Bay leader Susan Harman, San Francisco Public Bank co-founder Jackie Fielder, Massachusetts Public Banking leader Ruth Caplan, and PBI Advisory Board member Thomas Marois. Boom in …
Thomson Reuters article highlights the boom in public banking efforts Read More
Public Banking There’s a better way to fight inflation, save jobs, and curb a recession: Create a Hamiltonian National Infrastructure Bank | Alphecca Muttardy, Op-Ed, The Cascadia Advocate Lawmakers Consider Creating The Public Bank Of New Mexico | Kevin Meerschaert, KSFR, Santa Fe Public Radio Could a public bank help New Mexico businesses? | Curtis Segarra, KRQE News Lawmakers talk public, green banking at …
Following more than 600 hours of research, analysis, discussion, debate, and editing, the Rocky Mountain Public Banking Institute and the steering committee of the Colorado Public Banking Coalition (CPBC) have completed a Draft Bill for the Establishment of Local Public Banks by Colorado cities and counties. Concurrently, CPBC advocates have launched a campaign to build community support over the next nine …
Despite the bill receiving a near unanimous vote in favor by Philadelphia City Council Members and becoming law, the Philadelphia Public Financing Authority has been scuttled by the city’s outgoing mayor. Mayor Jim Kenney sent a letter to the Council June 22 declaring he would neither fund the initiative, nor seat board members. The letter states that in …
Achieving Self-Funding Local Sovereignty as Global Food Systems Collapse “The solution to the current food crisis is small and local, including growing food locally. But how to fund local food co-ops without pricey loans from big banks? … “This article is a sequel to one discussing home gardens and community food co-ops as local counter-measures …
A new report published by Partners for Dignity & Rights titled From the Ground Up: Community Centered Policies to Scale Equitable Development calls for a shift from the current model of speculative capital development toward community-driven development. Their roadmap to achieve this goal centers on three main strategies, one of which is public banks. “A public bank that …
New report highlights public banks as a key strategy behind community-driven development Read More
This insightful, relevant recent interview features Matt Robson, Former New Zealand Cabinet Minister, and is hosted by Robert Barwick, Research Director of the Australian Citizens Party. [Watch the video]
In another step forward, the City of Los Angeles posted a Request for Proposal (FRP) last week, June 13, seeking public banking experts to help compile the reports needed to form a municipal public bank. Proposal deadline is Sept 9, 2022 at 5:00pm PT. Here is the Regional Alliance Marketplace for Procurement (RAMP) ID 202431. The City …
Municipal Services Project is organizing an in-person one-day conference to be held at the University of Ottawa in Ontario, Canada on Friday, October 14, 2022. Public banks are experiencing a resurgence of interest around the world. The purpose of this conference is to stimulate critical debate about the future of public banks in Canada, with a focus …
