Thanks to Ellen Brown of Public Banking Institute for the following piece, originally published in Scheerpost. For the full article, click here. 

On November 20, US Treasury Secretary Steven Mnuchin informed Federal Reserve Chairman Jerome Powell that he would not …

An excerpt of David Dayen’s new book, We Own the Future: Democratic Socialism—American Style, published by The New Press, was reprinted by The American Prospect. It is clear that we don’t need to hold back by the belief that fixing …

At the federal level, a new bill was introduced at the end of October by Reps. Rashida Tlaib and Alexandrai Ocasio-Cortez, proposing a public option for banking. The Public Banking Act would foster the creation of public banks across the …

Thanks to Public Banking Institute for this excellent recent video about how public banks can fight and work against redlining. Guests this round are Brian Rice, engineer / entrepreneur who was denied financing to upgrade his properties in his hometown, …

A variety of different methods and models could be used in Colorado including

1. Self-regulation by statute and by-laws: The Bank of North Dakota model has worked very well for 101 years.  The BND was established by making the governor, the

 Although some legislators and public officials say the state does not have any money lying around that it could use to create a public bank, the state and local governments actually have a number of sources they could use to …

It is risky to have a government run its own bank

Answer:  This argument is incorrect. Public banks like the Bank of North Dakota (BND) are run by experienced and independent banking professionals, not by politicians.  The BND has been …

Are public banks legal under the Colorado constitution?

Answer:  Very likely Yes.  In October 2019, Colorado’s Office of Legislative Legal Services (OLLS) issued a Legal Opinion to State Representative Jonathan Singer in which it concluded that a state public …

What is a Public Bank? 

A Public Bank is a bank owned by a national, state, or local government in which all of its funds, taxes, and revenues are deposited. It is mandated to serve a public mission that reflects …

In times of crisis, public banks respond faster and better than private banks, as recent events have shown. Premiering today, this third short video in Public Banking Institute’s public banking series demonstrates how the state-owned Bank of North Dakota has …