May 15, 2015. Last week I wrote an article on the impact of wildly illegal currency manipulation by the world’s major banks, and the impact it had on the City of Baltimore, culminating in scenario after scenario of poverty, brutality, and unrest. Now it looks like some of those banks are pleading guilty to felonies …
The LIBOR Scandal and the Limits of Prosecuting Big Banks Read More
May 8, 2015. Michael Gerson’s column on the poverty and disorder Baltimore is a snapshot of the limits of our analysis when we don’t take financial oligarchy into account. Gerson’s attempt to explain the disorder and violence in Baltimore begins promisingly enough, as he acknowledges that Baltimore neighborhoods feel under occupation by police and that …
May 6, 2015. There’s no shortage of pundits condemning the riots in Baltimore. There are also plenty of well-meaning people focusing solely on the disenfranchisement of particular pockets of that city as if the human beings suffering there were characters in some morality play. But it’s time to talk economics, because the events in Baltimore …
Material Responsibility: What the Banks Did to Baltimore Read More
May 4, 2015. Do you know a Mayor? If so, you may be able to help PBI’s friends at Commonomics USA with their campaign to put public finance on the agenda at the 2015 United States Conference of Mayors. Read the information here, and email them at info@commonomicsusa if you can help–as soon as possible! …
Wall Street’s City Finance Schemes are Really Scams: How You Can Help Now Read More
Apr 30, 2015. The Public Banking Institute is proud to be a founding co-sponsor of the Next System Project, a collaborative project initiated by the Democracy Collaborative and longtime public banking supporter Gar Alperovitz. According to its founders, the Next Systems Project is a multi-year initiative “aimed at thinking boldly about what is required to …
Public Banking Institute a Partner to a New Project on Economic Alternatives Read More
Apr 23, 2015. Chicago is in trouble. According to Mish’s Global Economic Trend Analysis blog, there is a $1.1 billion “budget hole” in the Chicago public school system. A “derivative time bomb” of as much as $263 million, just triggered on the Chicago Board of Education, means that Chicago Public Schools may be out of …
Risky Private Financing is Killing Chicago Public Schools Read More
Apr 23, 2015. Maine public banking advocate Randall Parr continues his productive output answering critics of public banks. Will local banks with state deposits suffer losses if those deposits are redeposited into a state-owned bank? What would be the impact of a public bank on the state’s economic health? On its poverty rate? Would creating a …
Apr 23, 2015. Longtime public banking writer and leader of the New York public banking movement Scott Baker has published America is Not Broke! Four Multi-Trillion Dollar Paths to a Thriving America, a book his publishers call “a potent economic antidote for all that currently ails the US economy.” Scott Baker Managing and Economics Editor …
Just released: America is Not Broke! Four Multi-Trillion Dollar Ways to a Thriving America Read More
Apr 9, 2015. LD 24 would create a Maine State Bank. as well as allow the creation of county and city-run banks. LD 14 provides that the Maine State Bank would come into existence on July 1, 2017, provided that it had capital of $20,000,000. The bill further provides for a quarterly examination of the …
Apr 9, 2018. Although the frontal façade of this essay is “policy analysis of how public finance can solve poverty,” this is really an attempt to explain, at a fairly (but not completely) personal level, why I do what I do. Much of the current social hand-wringing about American capitalism is focused on inequality, the …
Financial Insecurity Ruins Our Lives: Let’s Change the Game Read More
Apr 8, 2015. German public bank Landeskreditbank Baden-Württemberg, or L-Bank, is suing the European Central Bank to avoid coming under EU supervision and regulation, which would increase L-Bank’s costs and fees. L-Bank argues that higher costs tied to ECB supervision would undermine its ability to support local families and businesses. Last November, as part of …
