The Populist Revolution: Bernie and Beyond
The world is undergoing a populist revival.
public banks
Reinventing Banking: From Russia to Iceland to Ecuador
Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself.
Killing Off Community Banks — Intended Consequence of Dodd-Frank?
The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks. Community banks are rapidly disappearing — except in North Dakota, where they are thriving.
The ECB’s Noose Around Greece: How Central Banks Harness Governments
The noose around Greece’s neck is this: the ECB will not accept Greek bonds as collateral for the central bank liquidity all banks need, until the new Syriza government accepts the very stringent austerity program imposed by the troika (the EU Commission, ECB and IMF).
Swimming with the Sharks: Goldman Sachs, School Districts, and Capital Appreciation Bonds
Also called payday loans for school districts, CABs have now been issued by more than 400 California districts, some with repayment obligations of up to 20 times the principal advanced (or 2000%).
Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap?
Public banks in North Dakota, Germany and Switzerland have been shown to outperform their private counterparts.
Co-operative Commonwealth: De-commodifying Land and Money Part 3
Community Land Trusts, JAK, CoopHab and the WiR Co-operative Bank demonstrate today that there are viable ways to deliver access to land and money as a democratic commons that eliminates usury.
Co-operative Commonwealth: Decommodifying Land and Money, Part 2
Usury is little discussed today but it is crucial in policy terms.
New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners
Perhaps it is time to pull our money out of Wall Street and set up our own banks – banks that will serve the people because they are owned by the people.
Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans.
Many authorities have said it: banks do not lend their deposits. They create the money they lend on their books.
A Public Bank Option for Scotland
Scottish voters will go to the polls on September 18th to decide whether Scotland should become an independent country.
Time to rain money on Main Street
When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.