April 29, 2023 A new memo by Earl Staelin, attorney and Chair of the Rocky Mountain Public Banking Institute, argues that FDIC membership and the holding of 100% collateral generally required for a bank charter are “completely unnecessary for public banks that follow the Bank of North Dakota (BND) model and would substantially undermine their profitability and…
UPDATE: In front of a packed hearing room, the City of Philadelphia’s City Council voted unanimously to begin public hearings on creation of a local pubic bank. Public banking proposals are popping up all over the country. The Cities of Santa Fe and Philadelphia have had recent breakthroughs. In Tucson, Mayor Johnathan Rothschild’s recent newsletter…
This week in New Hampshire, our Public Banking Institute colleagues are participating in the Bretton Woods IV Convocation on financial reform. There are four cornerstones to the conference: public banking, the North Country Resolution, local currencies, and Concordian economics. Here are some snippets from the conference website. I am blown away by the comprehensive and…
Ha-Joon Chang is one of the ten most influential world thinkers according to Prospect Magazine. In this brief interview at TheCorner.eu, he is asked if secular stagnation is inevitable. His response is that it is not, but it is important for policy makers to stop vilifying debt. He points out that debt, in and of…
Arizonans for a New Economy 