PBI Tool Kit blog

Updated: PBI’s new tool kit can help advocates communicate the basics of public banking with local groups

Now available: companion “how to” guides for those new to giving presentations or tabling events. As the benefits of public banking become more widely known, more potential allies are seeking answers. We’ve created several useful new tools that can help you quickly communicate key concepts. If you are new to making presentations or tabling events, or would like …

Updated: PBI’s new tool kit can help advocates communicate the basics of public banking with local groups Read More

Crossroads. Photo by Vladislav Babienko

NIB Coalition Town Hall Sept 8 at 8pm ET — United States at the Crossroads: An American System Industrial Recovery or Fed Chair Powell’s Nightmare Recession

Please join Cornell University Edward Cornell Professor of Law and Finance Robert Hockett, Washington State Senator Robert Hasegawa, New Mexico State Senator Bill Tallman, and PBI Senior Advisor Walt McRee for a Town Hall zoom event. Via the Coalition for a National Infrastructure Bank: Fed Chair Jerome Powell, NY Fed Pres. John Williams and their public promoter former Treasury Secretary …

NIB Coalition Town Hall Sept 8 at 8pm ET — United States at the Crossroads: An American System Industrial Recovery or Fed Chair Powell’s Nightmare Recession Read More

California drought farmland. Photo by Eric Sonstroem

Ellen Brown’s latest article discusses work-arounds to fund urgently needed infrastructure left out of recent spending bills

Despite Congress having passed two major infrastructure bills in the last year, over $2 trillion in much-needed infrastructure is still unfunded, according to the American Society of Civil Engineers (ASCE). In her latest ScheerPost article, PBI Chair Ellen Brown outlines how approaches used in the past can be duplicated today to fund critical needs including projects to address drought, affordable housing, high-speed …

Ellen Brown’s latest article discusses work-arounds to fund urgently needed infrastructure left out of recent spending bills Read More

East Bay Town Hall

Video spotlight: Public Bank East Bay presents project to regional foundations

Via Public Bank East Bay: Northern California Grantmakers and the San Francisco Foundation came together in July to showcase our project to a large network of foundations and other interested parties. This was an entirely informational event. The recording is an excellent explainer on public banking and our project, featuring: Valerie Red-Horse Mohl’s superb introduction – 1:16 …

Video spotlight: Public Bank East Bay presents project to regional foundations Read More

Girl facing Wall Street bull. Photo by Robert Bye

News Roundup – Sept 7, 2022

Public Banking A National Infrastructure Bank could be the answer to both inflation and recession | Ken Bank, People’s World National Infrastructure Bank Would Rebuild US, Create Jobs & Restore Global Competitiveness | Rep Pam Powers Hannley, A New Life-Aligned Culture Is Emerging | Elaine Cornick, Cultural Butterfly Project European-style public banking needed in Ireland | Regina Doherty, Fine Gael Economy Capital …

News Roundup – Sept 7, 2022 Read More

NIB Robert Hockett

Video spotlight — Professor Robert Hockett: “It’s the ‘Productive’ Economy, Stupid”

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.

Bills Photo by Olle Svensson

Ellen Brown writes that the Fed’s interest rate hikes will only add gasoline to the inflation fire. The problem is too few goods.

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. …

Ellen Brown writes that the Fed’s interest rate hikes will only add gasoline to the inflation fire. The problem is too few goods. Read More

Councilman Derek Green on Lobby Day. Photo by Stanley Shapiro

Thomson Reuters article highlights the boom in public banking efforts

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

Girl facing Wall Street bull. Photo by Robert Bye

News Roundup – July 30, 2022

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 …

News Roundup – July 30, 2022 Read More

Colorado draft legislation

Colorado public banking groups release draft legislation targeted for introduction by State Legislature in 2023

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 …

Colorado public banking groups release draft legislation targeted for introduction by State Legislature in 2023 Read More

Philly Public Financial Authority sabotaged

Philadelphia Mayor Jim Kenney stops the nascent Philadelphia Public Financing Authority despite overwhelming City Council support. Philly advocates call sabotage.

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 …

Philadelphia Mayor Jim Kenney stops the nascent Philadelphia Public Financing Authority despite overwhelming City Council support. Philly advocates call sabotage. Read More

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