Walt McCree and Ellen Brown

Ellen Brown Assumes Chair of PBI

Author and public banking guru Ellen Brown has assumed the position of Chair of the Board of the Public Banking Institute (PBI). Former Chair Walt McCree stepped down on July 4, 2017. Read the announcement from PBI here: Ellen Brown Assumes Chair of PBI. Keep informed on public banking progress by subscribing to PBI’s weekly…

Santa Fe

What if People Owned the Banks?

Jimmy Tobias of The Nation offers a comprehensive look at city-based public banking efforts in Oakland, California and Santa Fe, New Mexico. He also provides background on the only public bank in the US—the Bank of North Dakota—and offers solid economic reasons why cities and states should consider establishing a public bank. From Seattle to…

Princeton

Public Banking Candidate Wins NJ Dem Primary

In early June, NJ gubernatorial candidate and public banking supporter Phil Murphy won the Democratic Primary. Is this the beginning of a new era of mainstream acceptance of public banking in American public policy?  What does it mean for the movement? Check out this blog post from the Public Banking Institute’s Blog… Last week’s gubernatorial primary resulted…

Ben Franklin

How the Quakers Put the ‘Public’ in Banking

During the third week of June, hundreds of southwestern Quakers met for their annual gathering at Ghost Ranch in northern New Mexico. The theme was “About Money: a call to Integrity, Community and Stewardship”. While there, I spoke about Quakers’ history with public banking, and about the explosion in public banking efforts happening across our…

Hawaii

Hawaii Becomes First State to Pass Basic Income

Futurists tell us that there won’t be enough work in the future because technology will replace workers who now do repetitious or low-skilled work. This has prompted Libertarians (who want smaller government) and Progressives (who want to guarantee a social safety net for workers) to look at the idea of basic income. Would it be…