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The Public Banking Movement Comes of Age

Discussion in 'Political Debate & Discussion' started by poncho, Jun 3, 2011.

  1. poncho

    poncho Well-Known Member

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    The public banking movement is becoming mainstream thanks to great work done by thoughtful and dedicated researchers like Ellen Brown, author of "Web of Debt."

    In May, Brown reported on the growing list of states that are following the example of North Dakota and establishing public banks to facilitate economic growth. Brown:
    California joins eleven other states that have introduced bills to form state-owned banks or to study their feasibility. Eight of these bills were introduced just since January, including in Oregon, Washington State, Massachusetts, Arizona, Maryland, New Mexico, Maine and California. Illinois, Virginia, Hawaii and Louisiana introduced similar bills in 2010. For links, dates and text, see here.


    Stephen Lendman highlighted the significance of the rising popularity of public banking in his article "Public Banking: An Idea Whose Time Has Come," writing:

    CONTINUE . . .

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