New Jersey is taking its process of creating a public bank a bit more “public.” Tonight, Jan 24, at 6:00 pm ET, the first in a series of public hearings takes place, hosted by the NJ Work Environment Council (WEC). Registration link below. WEC describes the event: WEC has invited Governor Murphy to hear from labor leaders, grassroots …
New Jersey begins series of public hearings about public banking Read More
On January 11, over 150 advocacy groups from across New York State sent a letter to legislative leaders urging them to support S.1762-A / A.8290, the “New York Public Banking Act.” Similar to California’s AB 857, the NY bills would create a regulatory framework for cities, counties and regions seeking to create a public bank. The letter details …
Over 150 groups sign letter asking lawmakers to support NY Public Banking Act Read More
The PBI Board is delighted to welcome passionate grassroots public banking organizer Madeline Merritt as a fellow board member. Madeline was a core organizer for divestment and public banking in Los Angeles. She utilized direct action, lobbying, and the legislative process to redirect banking power for the people for the Measure B campaign and for …
Credit Clearing Exchanges “The magic of compound interest” – interest on interest on borrowed principal – is a primary way monetary wealth grows, but it is at the expense of real economic growth. What if our money system were built on local exchanges directly between producer and consumer? Our guest Thomas Greco, a global voice for …
The Real Antidote to Inflation The Fed has options for countering the record inflation the U.S. is facing that are more productive and less risky than raising interest rates. The Federal Reserve is caught between a rock and a hard place. Inflation grew by 6.8% in November, the fastest in 40 years, a trend the …
PBI Chair Ellen Brown weighs in on inflation and what to do about it Read More
Public and Postal Banking Bank of Washington? States consider opening government banks | Elaine S. Povich, Seattle Times Public bank puts community capitalism to work | Peter Smith and Angela Merkert, Santa Fe New Mexican Create bank for infrastructure | The Editorial Board, The Times-Tribune Four bills to watch in Albany next year | Brian Pascas, Crain’s New York Business Councilmember Derek Green hopes to …
Our future is much brighter thanks to your support. There’s still time to help! Click to donate here. We’ve been so encouraged with all the messages of support you’ve sent along with your donations. Our work to advance public banking these past two difficult years has truly been a labor of love and determination. Thank you …
First challenge grant goal met! Can we meet our stretch goal? Read More
The Philadelphia City Council Finance Committee unanimously voted to send the Philadelphia Public Financing Authority Bill, Bill 210956, out of Committee after a persuasive hearing on December 13 with many presenters, including several members of the Philly Public Banking Coalition and three from the Public Banking Institute. The Coalition reports: “Before the hearing, three Council members …
The SF Public Bank Coalition is happy to announce that the RFP for a Reinvest in San Francisco Banking Consultant to draft a business plan for the Public Bank of San Francisco is now online here. Applications are due by Tuesday, January 25. (The RFP can also be found by clicking here and searching for event ID 0000006061 or …
The Privatization of Everything For decades, the importance of public sector institutions has been undermined by powerful private corporate interests. How they have done it and how that process can be reversed is discussed by our guest Donald Cohen, the author of a new book called The Privatization of Everything – How the Plunder of Public Goods Transformed …
The Case for a Central Bank Digital Currency Whether the U.S. should have its own central bank digital currency (CBDC) is hotly debated. Several countries, including China, already have CBDCs in operation; but the U.S. Federal Reserve is proceeding with caution. Wall Street’s Latest Scheme Is Monetizing Nature Itself Just in time for the UN’s …
