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Public Banking Make Easy
Public banking in a nutshell. At its core, the idea is simple. Here’s how public banks give communities local control, local power, and local benefits.
Know the Difference
What Legal Hurdles Do Public Banks Face?
Q: “Does a public bank violate a state’s constitution?” Colorado Public Banking’s Earl Staelin, J.D., offers his legal rationale for answering common questions. Part 1 of 2.
Is Legislation Needed for Public Banks?
Colorado Public Banking’s Earl Staelin, J.D., offers his legal analysis for answering another common legal question. Part 2 of 2.
Five Ways Your State Can Leave Wall Street
Yes, your state can declare independence from Wall Street. Here’s how.
When a Crisis Hits
Public banks respond faster and better to crises than privately-owned banks.
Four Ways To Strengthen Your State and City Finances
Public banks can save communities by strengthening state and city finances.
How Other Countries Think Outside the Mailbox
The USPS provided basic banking services from 1911 until 1967, and restarted this critical public service in a few pilot cities in 2021.
Public Banking Sweeps Across the Country
In the years since the financial crisis, vibrant campaigns for public banks have emerged all across the country. The time for public banks in the U.S. has come.
Why do we need a public bank? Public Bank LA
Our allies at Public Bank Los Angeles explain the value of public banking for communities. With Trinity Tran, Carlos Marroquin, and Josh Androsky.
During 2020 and 2021, PBI co-hosted seven virtual Town Halls across the U.S. to discuss the power of public banking in the face of the crisis. The following videos are recordings of one of the Town Halls we did in collaboration with New York State Senator James Sanders, Jr. and Assembly Member Victor Pichardo that included special guest Eric Hardmeyer, then President & CEO of the Bank of North Dakota, and Dr. Amara Enyia, PBI Advisory Board Member. Focused clips of the Town Hall are featured below.
Bring on the Power of Public Banking for New York State with Eric Hardmeyer
Senator James Sanders, Jr., Chair of the NYS Senate Banking Cmte, and Victor Pichardo, Chair of the NYS Assembly Cmte on Banks, spotlight the success of the Bank of North Dakota. President Hardmeyer details the unique benefits the state’s public bank brings to the state of North Dakota.
Bring on the Power of Public Banking for NYS – Complete Town Hall
The Town Hall brought together supporters of public banking from around the state.
Q&A – Bring on the Power of Public Banking for NYS
In this segment, BND President Hardmeyer takes questions from elected officials.
Citizen Volunteers present a primer on public banking
This excellent presentation was made by three NYS Citizen Volunteers: VN Alexander, Madeline Chang and Joseph Sackman.
“It's Our Money” Podcast
The regular podcast features comprehensive discussions with thought leaders who discuss the economy, the monetary system, current legislation, and much more.
Michael Hudson on Money and Debt
Celebrated economist Michael Hudson thinks that the world of academic economics is both deceptive and essentially wrong in its formulations of the role of money and debt. Hudson says today’s oligarchic monetary systems invariably reinforce the flow of profits from labor to the top of the economic ladder. The result is unsustainable debt, which he says is an historical pattern that goes back a couple thousand years. Something has to give. Ellen and Michael spend the hour discussing what that resolution might look like.
Inflation and the Fed
Inflation is the latest economic lament over whether the national economy is in good shape or in trouble. The topic is frequently oversimplified into monetary categories of either too much money in circulation or too few goods, with the Fed trying to resolve inflation with too few, and wrong, tools. Our guest is the renowned economist Dr. Robert Hockett, who says that the Fed needs substantive revisions which mirror its earliest days in order to balance the demand (monetary) side of the supply/demand equation with supply (goods and services). Bob and Ellen explore these historical and monetary principles in depth, engaging in subject matter that influences many more far-reaching economic concerns than just inflation.
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 community currency systems and credit clearing exchanges, discusses how these systems sidestep the monetary debt trap and open the door to new socio-economic prospects. Later in the program, Ellen completes her conversation with historian Matt Ehret, whose latest volume of The Clash of Two Americas explores the political and economic dynamics that produced two divergent 20th century Americas.
Michael Hudson, Rickey Gard Diamond and Ellen Brown: “It's a War”
“It’s a war” … So says renowned economist Michael Hudson in the concluding part of our recent interview with him. Hudson makes no bones about the deadly serious game being played by the world’s financial powers and their intention to create a new feudal economic order. But people are rising-up as our guest Rickey Gard Diamond, author of Screwnomics, says. She talks with us about women and minorities becoming agents for change in the evolving public discourse about our money.
Michael Hudson and Ellen Brown: Banks vs. the Real Economy
Michael Hudson’s landmark 2015 book Killing the Host exposed how the empires of finance, insurance and real estate captured the global economy through neo-liberalism and sold us down the road to neo-feudalism. Michael returns to the show to describe what we must do if we are to ever get off this road.
Our livestream show examines the human impact of current economic events and how public banks and postal banks could make a real difference in people’s lives.
PBI LIVE Ep 6: When pandemics changed history with Richard Wolff and Ellen Brown
History tells us that pandemics precede radical shifts in society and economic systems. The Black Death, for example, was the beginning of the end of feudalism. Professor Richard Wolff joins Ellen Brown on PBI LIVE to lend his insights on those big historical breaks. How might public banks be involved? Prof. Wolff is Professor of Economics Emeritus, U Mass, Amherst, and a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City. He’s the founder of Democracy at Work and host of their nationally syndicated show Economic Update. His latest book is “The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself.”
PBI LIVE Ep5: Public Banks vs. the Racial Wealth Gap
Could publicly-owned banks be the real solution to a history of harmful private bank practices? Dr. Amara Enyia, founder of the Institute for Cooperative Economics and Economic Innovation and PBI Advisory Board member, talks with Dr. Stacey Sutton, Associate Professor of Urban Planning and Policy at the University of Illinois Chicago.
PBI LIVE Ep3: The Fed vs. the states
In the wake of Covid-19, the Federal Reserve money helicopter flew directly to Wall Street and hovered. States, on the other hand, got a mere 5% of the stimulus funds by early May and remain desperately short of funds. What will this mean as state budgets reach the breaking point? PBI Chair Ellen Brown talks with Cornell Prof. Robert Hockett and Michael Brennan, Democratizing Capital Policy Organizer for the Democracy Policy Network.
PBI LIVE Ep2: Public banks vs. redlining
Guests this week are Brian Rice, engineer / entrepreneur who was denied financing to upgrade his properties in his hometown, PBI Advisory Board member Dr. Amara Enyia, and PBI Board Member Carlos Marroquin.
PBI LIVE Ep1: Postal banks to the Rescue! With Mehrsa Baradaran and Ellen Brown
PBI’s first Livestream show features guests Prof. Mehrsa Baradaran and PBI Chair Ellen Brown along with PBI Board Member Carlos Marroquin moderating. The conversation examined the current public outcry to save the Post Office and how restarting postal banking could help the USPS while helping millions of Americans.